Businesses have some perceptions about the imminent economic environment. The various economic indicators such as Volume of Sales, Net Profit, Inventory & Labor, impact the businesses at various levels. Businesses have to be vigilant and aware of the changing Economic Environment to help them to be prepared to face any eventuality. MCCIA has introduced this bi-annually micro survey to check the business optimism levels of the small business houses and manufacturing units.
The Indian manufacturing sector is expected to grow by 1.1 per cent in FY 2013-14, a shade weaker than the 1.3 per cent growth registered last year. The growth has been slowing down for the last two years; from nine per cent in 2010-11 to three per cent in 2011-12 and further to 1.3 per cent in 2012-13. The trend continued in 2013-14, with output contracting by 1.2 per cent in the June 2013 quarter. The performance deteriorated because of inadequate availability of inputs (mined and agricultural), slowing investment demand and weakness in discretionary spending.
In this study, we have tried to gauge on this background, the kind of perceptions, Pune manufacturing units have with regards to the Volume of Sales, Net Profit, Cost of Labor, Movement of Employees, etc. Apart from this, we also tried to determine the impact of the current economic situation on their businesses, the causes for the slowdown, its impact on exports, imports & turnover.