The latest survey carried out by the Confederation of Indian Industry, or CII and Ascon for the period April to June revealed that almost half of the various sectors in manufacturing continued to record excellent growth and were under the high growth category. At the same time, the CII cautioned that there is cause for concern as sectors reporting negative growth has increased.
The survey found 7 out of 100 sectors reporting production responded excellent growth rate of more than 20% and 40 sectors recorded high growth rate of 10%-20%. A moderate growth rate of less than 10% was reported by 32 sectors, while remaining 21 sectors recorded negative growth rate. However, there is increase in the sectors in high growth category from 30.7% to 40%.
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