The CII ASCON Industry Survey tracks growth of economic activity through responses collected from the sectoral associations, reveals a divergence in the growth trends in the July-September FY 17 quarter as compared to same quarter a year ago with growth mainly being driven by the consumption related sectors.
The sectoral trends for year-on-year growth also reveals that growth is coming from a few sectors of the economy and a broad based growth is yet to be achieved. Overall the survey results indicate that going forward, the continued traction in urban consumption and revival of the rural economy would have a multiplier effect on sectors that are driven by consumption and the revival in demand would eventually translate to revival in private capex as well. The Survey classifies the growth trends across four broad categories, namely Excellent (>20%), High (10-20%), Moderate (0-10%) and Low (<0%).