The manufacturing sector, which has been drastically hit by the global economic downturn, is now showing some signs of recovery with key segments like the fertiliser, steel and two-wheelers, which are now coming back to moderate growth from negative trends between the third and fourth quarter of 2008-09, according to a CII-ASCON survey.
Moreover, the Petrochemical products like LDPE and HDPE, pig iron are also among the sectors which are returning into a positive territory, the survey said.
In the fiscal 2008-09, out of the sectors covered by the survey, around one-fourth of them showed high growth. But it was only about 16 per cent of the sector which showed high growth in the previous two quarters.
The sectors that are reporting high growth are asbestos as well as power cables, switch gears, capacitors and industrial gases, the CII-Ascon survey said.
Moreover, the Petrochemical products like LDPE and HDPE, pig iron are also among the sectors which are returning into a positive territory, the survey said.
In the fiscal 2008-09, out of the sectors covered by the survey, around one-fourth of them showed high growth. But it was only about 16 per cent of the sector which showed high growth in the previous two quarters.
The sectors that are reporting high growth are asbestos as well as power cables, switch gears, capacitors and industrial gases, the CII-Ascon survey said.
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