CII Reports Marginal Decline In Sectors Showing Negative Growth

New Delhi: Out of a total of 100 sectors reporting production, 15 sectors registered a growth rate of over 20 per cent and 30 sectors recorded a growth rate of 10-20 per cent, reported the Confederation of Indian Industry (CII) Ascon survey for April-December 2007 compared to April-December 2006. The survey, which tracks the performance of various manufacturing sectors of industry, revealed that although the sectors showing excellent growth had declined compared to the last quarter, the number of sectors showing high growth have moderately increased for the same period. The percentage continued the same for the moderate category and percentage of sectors in negative category showed slight decline for April-December 2007. It is heartening to see the slight fall in the sectors showing negative growth and modest increase high growth sectors, but we still need to be cautious and work with the Government to speed up the growth rate of manufacturing.

The excellent growth category included electricals such as circuit breakers, power transformers, transmission line towers and power cables along with rubbers hoses. Soya oil, asbestos cement, industrial valves, abrasives with electrical fans were all in the high growth category. According to the survey, cement, motor stamping, energy metre, capacitors, auto components, ball and roller bearing, polymer, edible oil and textile machinery have shown moderate growth while fertiliser, switchgears, and motor cycles were in the negative growth category.