The CII ASCON Industry Survey for the April – June FY 17 quarter points towards
the strengthening of the green shoots of recovery in the economy. In terms of growth trends, the April–June FY 17 saw a tempering of growth trends 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 97 sectors surveyed, the share of the sectors recording
‘Excellent’ growth of >20 percent in April-June FY17 quarter has declined significantly
to 8.2 percent (8 out of 97) as against 17.5 percent (17 out of 97) recorded in the
same quarter previous year. At the same time, the share of sectors witnessing ‘High’
growth rate of 10 to 20 percent has increased significantly to 15.5 percent (15 out of
97) in the April-June FY17 from 3.1 percent (3 out of 97) during the corresponding
period a year ago.