The CII ASCON Survey results for the October – December FY16 quarter indicate
a tempering and moderation of the rate of growth in the third quarter of the
current year as compared to the year ago period.
The Survey classifies the growth trends across four broad categories, namely ‘Excellent’
(>20%), ‘High’ (10-20%), Moderate (0-10%) and ‘Low’ (<0%).
According to the Survey, out of the responses received from 92 sectors, the share of
the sectors recording ‘Excellent’ growth of >20 percent in October-December FY16
quarter has come down to 7.6 percent (7 out of 92) of the respondents as against 10.5
percent (10 out of 95) recorded in the same quarter previous year. At the same time,
the share of sectors witnessing a high growth rate of 10 to 20 percent has moderated
to 6.5 percent (6 out of 92) in the October-December FY16 from 16.8 percent (16 out
of 95) during the corresponding period a year ago.