The CII ASCON survey, which tracks the growth of the industrial sector through responses collected from sectoral industry associations, reveals improvements in the growth trends in the January – March FY16 quarter over the corresponding period a year ago.
The Survey classies the growth trends across four broad categories, namely 'Excellent'
(>20%), 'High' (10-20%), Moderate (0-10%) and 'Low' (<0%).
According to the Survey, while a majority of the sectors are still continuing to witness
'moderate' growth trends with 'excellent' and 'high' growth limited only to some sectors
there has been a sharp decline in the share of sectors registering 'low' growth. Of the
102 sectors surveyed, the share of sectors registering 'Excellent growth' of >20% has
remained constant at 9.8 percent (10 out of 102) as witnessed in the same quarter a year
ago period.