Scooters, mopeds, electric fan, sponge iron, circuit breakers, transformer are in the excellent growth category while Asbestos cement, Pig Iron, power cables, Industrial valves, Textile machinery, transmission line towers, air conditioners, microwave ovens were all in the high growth category.
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According to the CII-ASCON survey cement, motor stamping, energy meter, ball and roller bearing, polymer, utility vehicles, refrigerators, rubber footwear, bus and truck tyre etc has shown moderate growth while fertilizer, machine tools, capacitors, Motor cycles, edible oil etc are in the negative growth category.
According to the CII-ASCON survey, out of the 26 sectors reporting sales 4 sector recorded excellent growth, 9 sectors reported high growth, 7 sectors registered moderate growth and 6 sectors registered negative growth.
According to the CII-ASCON latest survey 5 sectors have shown excellent growth in exports while 5 sectors were in the high growth category. 8 sectors recorded moderate growth and 5 sectors registered a fall in exports.
Machine tools, air conditioners, motorcycles are sectors that have done well on the export front, registering excellent growth.
High growth category includes Vehicle industry, all three wheelers, industrial valves and cold rolled steel and sectors showing negative growth are cement, ceramics, mopeds and rubber goods.
Dr. Sarita Nagpal, Deputy Director General, CII said that the Survey has thrown up early indicators of what could trigger a slowdown in the Indian manufacturing sector in the future. CII's Manufacturing council would work towards addressing these issues.
Confederation of Indian Industry
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