48 sectors post 10 growth

NEW DELHI, MAY 28: In a clear indication of industrial revival, 48 sectors including cement, auto components, passenger cars, drugs and p...

NEW DELHI, MAY 28: In a clear indication of industrial revival, 48 sectors including cement, auto components, passenger cars, drugs and pharmaceuticals, software, sugar, newsprint, polyester staple fibre, air conditioners and personal computers registered over 10 per cent growth in April 1999 over April 1998.

According to an Associations Council of the Confederation of Indian Industry survey, 19 sectors recorded over 20 per cent growth while 29 sectors recorded between 10 to 20 per cent growth in April 1999 over the corresponding period of the previous year.

However, 24 sectors including cold rolled steel, crude oil, tea, machine tools, textile machinery, cigaratte and tobacco and processed food and vegetables recorded a negative growth during the period.

The survey is based on the information provided by member companies of CII and its 81 affiliated associations which account for over 65 per cent of the total industry output.

Other sectors which recorded less than 10 per cent growth include aluminium4.5 per cent, fertiliser 2.4 per cent, tractors 2.5 per cent, multi-utility vehicles four per cent, automotive tyre four per cent, malted food 6.2 per cent and glass products 8.5 per cent.

Among the sectors recording over 20 per cent growth in April 1999 over April 1998 are cement 30 per cent, telecom cables 43 per cent, computer hardware 30 per cent, automobiles 21 per cent, cars 39 per cent, auto components 30 per cent, polyester staple fibre 22.4 per cent, software 60 per cent, housing finance 25 per cent, colour TV 30 per cent and air conditioners 20 per cent.

Those sectors which recorded a 10 to 20 per cent growth include paints 10 per cent, nylon filament 13 per cent, ceramics 13 per cent, newsprint 10 per cent, sugar 16 per cent, processed food 10 per cent, washing machines 10 per cent, scooters 16 per cent, light commercial vehicles 13 per cent, diesel engines 10 per cent and telecom equipment 10 per cent.

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Industry segments, from basicgoods, capital goods, consumer durables and non-durables and services which recorded less than 10 per cent growth include steel one per cent, petrol five per cent, multi-utility vehicles four per cent, air cargo two per cent, pulp and paper 5.5 per cent, automotive tyre four per cent and power cables 4.5 per cent.

On the export front, sectors which recorded over 20 per cent growth include steel, cars. multi utility vehicles, software, auto components, polyester filament yarn, processed fruit and vegetables and tea.

Paper, drugs and pharmaceuticals, paints, electronic components, processed food, medium and heavy commercial vehicles and ceramics are among the sectors which recorded over 10 per cent growth.