‘Manufacturing growth still going strong’

The Indian manufacturing sector is continuing to register a bullish growth due to strong fundamentals of Indian economy, the Confederation of Indian Industry (CII) said citing its Associations Council (ASCON) survey.

The survey, which estimates sectoral growth for April-2003-March 2004, forecast a pick-up in overall demand in various sectors which had earlier registered moderate and negative growth. Analysing the estimated ASCON data on 129 sectors, the survey said that more than 20 per cent growth is recorded in 26 sectors.

Thirty five sectors recorded a growth rate of 10-20 per cent, 49 sectors registered moderate growth rate of 0-10 per cent while 19 sectors reported negative growth.