The CII ASCON Industry Survey for July –September FY16 over the year ago period
reveals mixed growth trends in Q2FY16 as compared to the year ago period,
indicating a slightly uneven pickup in economic activity in the surveyed quarter.
While pointing to some green shoots of recovery emerging in the economy, the Survey
results signal a modest/gradual course of economic recovery.
The Survey reveals that out of the 91 sectors surveyed, the share of the sectors recording
“excellent” growth in July- Sept FY16 quarter has come down to 5.5 percent (5 out of
91) as against 14.6 percent (14 out of 96) last year. The share of sectors witnessing
a “high” growth rate in the range of 10 to 20 percent has moderated to 17.6 percent
(16 out of 91) from 25 percent (24 out of 96) during the corresponding period a year
ago.