Manufacturing grows 10 pc in Apr-June quarter
Resting fears of slow down in Indian manufacturing sector, a recent survey by industry chamber CII finds out that most companies in the segment recorded a double digit 10 per cent growth in the April to June quarter.
By PTI |
NEW DELHI: Resting fears of slow down in Indian manufacturing sector, a recent survey by industry chamber CII finds out that most companies in the segment recorded a double digit 10 per cent growth in the April to June quarter.
In its quarterly industry survey CII said, out of a total of 101 manufacturing sectors 23 have recorded an excellent growth of more than 20 per cent while as many as 27 sectors recorded a high growth rate of 10-20 per cent.
Nearly 36 sectors registered moderate growth rate in between 0-10 per cent. However, 14 manufacturing sectors reported a negative growth in the quarter.
The percentage of sectors in each category remained almost constant during the period, which reaffirms that Indian manufacturing is on track.
"It is good to see that 50 per cent of the manufacturing sectors have shown above moderate growth despite various pressures in terms of the appreciating rupee and hardening interest rates," CII Industry Council Chairman Satish Kaura said.
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CII said sectors like cold rolled steel strips, pig iron, textile machinery, industrial gases, electric fans and microwave ovens were amongst a few, which reported excellent growth during the quarter.The electric two wheelers segment was the latest entrant to the list of sectors, which reported exponentially growth. The sector grew over 100 per cent during April-June. The survey said three wheelers and motorcycles sectors have also shown a good growth on the export front.
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