Monthly growth tracking survey by industry body

This initiative builds on MCCIA’s earlier two-year-long monthly survey assessing post-COVID recovery, which had by the end of the survey period revealed that businesses had achieved 95-100% recovery to pre-pandemic levels

The Mahratta Chamber of Commerce Industries and Agriculture (MCCIA) has announced the launch of a monthly survey to track growth expectations of industries in and around the Pune district.

Notably, over 37% of the companies are projecting revenue growth of 20% or more, with the defence and electronic manufacturing industries contributing significantly to this optimistic outlook.  (REPRESENTATIVE PIC)

This initiative builds on MCCIA’s earlier two-year-long monthly survey assessing post-COVID recovery, which had by the end of the survey period revealed that businesses had achieved 95-100% recovery to pre-pandemic levels.

In the first edition of the new monthly series, MCCIA surveyed 108 companies to understand their growth expectations for the current financial year (FY 2024-25) compared to the last. The findings highlight that 81% of respondents anticipate growth, while 9% expect no change, and 9% foresee a decline.

Notably, over 37% of the companies are projecting revenue growth of 20% or more, with the defence and electronic manufacturing industries contributing significantly to this optimistic outlook.

The participating companies represented a diverse mix of sizes, including 5% large companies (revenue above ₹250 crore) and the rest categorised as 9% medium, 30% small, and 56% micro-enterprises. This distribution is broadly aligned with the industrial landscape of India, where MSMEs dominate in numbers.