Twenty-one sectors have done better than expected and recorded growth during the first nine months of 2001-02 in areas of production, sales and exports in the face of industrial recovery, according to a Confederation of Indian Industry-ASCON survey.
Updating its earlier estimate of industrial revival, CII in its latest ASCON industry monitor said, "Twenty-one sectors have actually done better in the first nine months of 2001-02 than what was anticipated earlier."
Production in five sectors- three-wheeler, nylon tyre yarn, electrical fans, scooters and cars have risen, it said, adding sales also jumped in sectors of castings, tea, cement, diesel, refrigerators, malted food, processed food, construction industry and cold rolled steel strips.
The survey said eight sectors, which witnessed growth in exports performance were aluminium, cars, motorcycles, mopeds, steel, polyester filament yarn, tea and textile machinery.
However, around 11 sectors performed worse than expected including six sectors-- cigarettes, transformers, power transformers, motor starters and LPG-- which recorded negative growth in production.
Sales of polyester filament yarn, textile machinery and transmission line towers fell apart from commercial vehicles and medium and heavy commercial vehicles exports performance declining, it said.
In its survey, CII said it had earlier projected that there was a strong recovery underway on the industrial front.
“Manufacturing sector was doing better than before," it said adding, "The earlier monitor had estimated data and the latest monitor has actual data for the same nine months ending December 2002."