The ASCON survey carried out by the Associations Council of the Confederation of Indian Industry (CII), for April-March 2005-06 over April-March 2004-05 indicates that the Indian manufacturing sector has reported rapid growth.
Out of the total of 143 sectors reporting production, 36 sectors recorded an excellent growth rate of more than 20 percent 36 sectors recorded a high growth rate of 10-20 percent, 56 sectors registered moderate growth rate of 0-10 percent while 15 sectors reported negative growth.
A larger number of sectors were in the excellent growth category shifting from high growth in this period as compared to the Q3 results.
According to the CII-ASCON survey, Lead and Lead Alloy, Pig Iron, Switchgears, Capacitors, Aluminium Extrusions, Auto Components, Industrial Valves, Fluid Power, Industrial Gases, Boilers, Air & Gas Compressors, Sugar Machinery, Machine Tools, Textile Machinery, LCV's, Split Air conditioners, Microwave Ovens, Refrigerators, DVD Players, Soya Oil and Cellular Services were in the excellent growth category.
Chemical Alkali, Paints, Sponge Iron, Motor Stampings, Circuit Breakers, Precision tubes, Industrial Furnace were all in the high growth category.
According to the CII-ASCON survey, out of the 76 sectors reporting sales, 25 sectors registered excellent growth, 24 sectors registered high growth, and 23 sectors reported moderate growth while 4 sectors recorded low or negative growth.
The survey reveals that Cast iron and Spun Pipe, Auto Components, Pig Iron, Forgings, Industrial Valves, Precision Tubes, Boilers, Textile Machinery, Sugar Machinery, Air Conditioners, Microwave Ovens, Washing Machines, Refrigerators, Pulp and Paper, Cellular Services were some of the sectors in the excellent growth category.
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