Manufacturing Growth Likely To Be Driven By Products Related To Capex Cycle: ICICI Securities

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Manufacturing sector growth slowed down to 1.3% YoY in FY23 resulting in a drop in its share of gross value added to 17.7%. Breakup of ‘manufacturing sector’s GVA’ is not yet available for FY23, but Index of industrial production constituent trends indicate that ‘consumer products’ primarily dragged down manufacturing in FY23 with exceptions like auto, beverage and furniture, which staged robust growth. On the flip side, manufacturing of capital goods witnessed strong growth, which is likely to continue given the rising capex cycle. Longer-term trends indicate that the fastest growth within corporate manufacturing sector’s GVA over the past decade has been delivered by ‘communication equipment’ and we expect such hi-tech products to continue to grow rapidly going ahead – given policy initiatives such as production linked incentive schemes..Click on the attachment to read the full report:.Cement Channel Checks - Aggressive Volume Push, A Headwind To Prices: Yes Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Manufacturing Growth Likely To Be Driven By Products Related To Capex Cycle: ICICI Securities

While general consumer products may drag; electronics manufacturing is the new frontier

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Manufacturing Growth Likely To Be Driven By Products Related To Capex Cycle: ICICI Securities

While general consumer products may drag; electronics manufacturing is the new frontier

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