The CII ASCON Survey for the July-September 2014 quarter was released at the CII Associations Council Meeting in New Delhi on 5 December 2014. The Survey for July-September 2014 quarter indicates that the economic growth has picked up with more number of sectors showing positive growth trends in the July-September quarter 2014 as compared to July-September 2013. Although the expected growth resurgence is still elusive, industry feels that with government’s focused efforts to bolster investments in manufacturing, the growth is inevitable.
The CII ASCON Survey, which tracks the growth of industrial sector on a quarterly basis, based on feedback received from sectoral industry associations, shows that out of 59 sectors surveyed, the number of sectors reporting ‘excellent’ and high growth (>10 %) has shown an increase from 26.08% in 2013 to 30.4% in July-September 2014. At the same time, number of sectors registering ‘low’ and ‘negative’ growth for July- September 2014 quarter has marginally gone down from 73.90% in 2013 to 69.48% in July-September 2014.
The Survey categorises the growth range in four broad categories, namely excellent (>20%), good (10-20%), low (0-10%), and negative (less than 0%).