36 of 143 manufacturing sectors report growth of over 20% for 06'
New Delhi, May 10 (UNI) With the upsurge in the Indian economy yet to reach its zenith, the country's manufacturing sector has registered a whopping growth rate for Apr-Mar 2005-06, with 36 out of the total 143 sectors recording growth of more than 20 per cent.
According to the ASCON survey carried out by the Confederation of Indian Industry (CII), 36 of the ramaining 143 sectors reported a 10-15 per cent growth, while 56 sectors registered moderate growth rate of 0-10 per cent and 15 sectors reported negative growth as compared to the same period last year.
A larger number of sectors were in the excellent growth category shifting from high growth in this period as compared to the Q3 results, the survey said.
Out of the 76 sectors reporting sales, 25 sectors registered excellent growth, 24 sectors registered high growth, and 23 sectors reported moderate growth while 4 sectors recorded low or negative growth.
The survey indicted that Lead and Lead Alloy, Pig Iron, Switchgears, Capacitors, Aluminium Extrusions, Auto Components, Industrial Valves, Fluid Power, Industrial Gases, Boilers, Air&Gas Compressors, Sugar Machinery, Machine Tools, Textile Machinery, LCV's, Split Air conditioners, Microwave Ovens, Refrigerators, DVD Players, Soya Oil and Cellular Services were in the excellent growth category.
MPV'S, M&HCVs, and scooters, recorded negative sales growth.
The survey, also revealed the Indian manufacturing industry is showing a recovery on the export front as compared to the Q3 results with 18 sectors having shown excellent growth in exports.
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