Most sectors show strong performance on CII Survey
06 Aug '07
2 min read
Confederation of Indian Industry (CII) industry survey for April 2007- June 2007 over April 2006 – June 2006, which tracks the performance of the various sectors of the industry was released here yesterday.
With most sectors recording a growth of over 10%, the results of the survey set to rest any fears of a slow down in Indian manufacturing.
Out of a total of 101 sectors reporting production, 23 sectors recorded an excellent growth rate of more than 20 percent 27 sectors recorded a high growth rate of 10-20 percent, 36 sectors registered moderate growth rate of 0-10 percent while 14 sectors reported negative growth.
The percentage of sectors in each category remained almost constant over the period April 2006 to March 2007, which reaffirms that Indian manufacturing is on track.
While releasing the CII ASCON Survey for the period April 07 to June 07, Mr Satish Kaura, Chairman, CII Industry Council, said “it is good to see that 50% of the manufacturing sectors have shown above moderate growth despite various pressures in terms of the appreciating rupee and hardening interest rates”
Dr. Sarita Nagpal, Deputy Director General, CII while agreeing that the manufacturing sector seemed on track, added a word of caution pointing to the fact that some sectors had moved from the high growth to the moderate growth sector as compared to full last year performance of the industry. “These could be weak signals of a slow down and we must not ignore them”, she added.
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