After a prolong period of declining growth and sluggish investment, the industrial activities seem to be picking up and green shoots in manufacturing sector are finally visible.

The CII Associations' Council Meeting concluded recently in New Delhi released the findings of the ASCON survey conducted every quarter and presented the growth of the industrial growth for the April-June 2014 quarter.

The Survey indicates that the industrial activity in the country has posted a positive growth. This is a clear shift from the growth trends witnessed during the last quarter (Jan-March 2014), which presented a dismal industrial growth.

The positive growth in important sectors within the consumer durables including the vehicle industry, white goods industry, recording a growth between 5% to 10%, have largely been responsible for improving the overall industry growth. Sub sectors such as tablets, LEDs and LCDs, smart phones have achieved phenomenal growth of above 20%.

The passenger car segment also, for the first time in last two years, has grown between 5-10%. However, core sectors continue to remain under stress lying in the low growth category. The capital goods sector too, has shown stability in its growth (0%-9%), which also improves the overall industry sentiment.

The CII ASCON Survey categorises the growth range in four broad categories, namely excellent (>20%), good (10-20%), low (0-10%), and negative (<0%) and for this quarter covered 111 industry segments.
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