State Of The Economy 2016

State of the economy 2016

Last year’s unbridled optimism is wearing thin at most industrial clusters 

Illustration by Manish Marwah

Every year, around the Budget, Outlook Business reporters visit industrial clusters across the country with the objective of ascertaining business sentiment. As is now obvious, the report card for FY16 does not look pretty, and most clusters are praying for serious respite. This was not the case last year, when optimism was the clear theme after a long period of despondency. In early February, our reporters made their way to 11 industrial clusters — Khatauli and Kanpur in Uttar Pradesh, Jagatpur in Cuttack, Vijayawada, Hyderabad, Erode, Tiruppur and Karur, Butibori in Nagpur, Pune, Surat and Sanand.