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34 sectors post higher growth: Ascon survey

Thirty-four industry sectors, including some key items in the oil & natural gas, agri and food sectors, electrical machinery group, glass and glass products, some rubber products, boiler, refractories, have registered higher production growth during April-March 2000-01 compared to the corresponding period previous year.

According to data released by Associations Council, Confederation of Indian Industry, out of 132 sectors surveyed, 101 sectors show positive growth. The survey has been compiled on the basis of the estimated figures provided by the Affiliated Associations of CII and member companies.

The sectors surveyed account for more than 65 per cent of total production in those particulars sectors.

The sectors which have achieved higher growth are three-wheelers (7 per cent, -2 per cent last year), boilers (8.5 per cent, 3.5 per cent

last year), refractories (2 per cent, -5 per cent last year), Air

conditioners (20 per cent, 10 per cent last year), machine tools (2 per cent, -7.6 per cent last year), sugar machinery (10.5 per cent, 0.7 per cent last year), textile machinery (20 per cent, -2.3 per cent last year), crude oil (1.6 per cent, -2.2 per cent last year), natural gas (12 per cent, 3.8 per cent last year), diesel (18 per cent, 8 per cent last year), petrol (6 per cent, 5 per cent last year), LPG (40 per cent, 14 per cent last year), carbon dioxide (18 per cent, 16.5 per cent last year), fertilizer phosphate (9.7 per cent, 5.9 per cent last year), malted food (6 per cent, -5 per cent last year), tea (1 per cent, -4 per cent last year), construction (12 per cent, 10 per cent last year), housing finance (32 per cent, 23 per cent last year), nylon filament yarn (2.6 per cent, -9.2 per cent last year), nylon tyre yarn (8.7 per cent, 3.3 per cent last year), nuclear power (27.4 per cent, 10.3 per cent last year), glass industry (8.5 per cent, 7.5 per cent last year including table ware 3 per cent, -3.5 per cent last year), precision tubes (15 per cent, 5.5 per cent last year).

Of the 101 sectors clocking a positive growth, 11 sectors have achieved excellent growth of more than 20 per cent, 29 sectors have had high growth between 10 to 20 per cent, and 61 sectors have shown moderate growth of 0 to 10 per cent. Some sectors which were having negative growth are now in the moderate growth category along with some sectors which were having high growth.

Tea (1 per cent, -4 per cent last year) , nylon filament yarn (2.6 per cent, 9.2 per cent last year), refractories (2 per cent, -5 per cent last year), crude oil (1.6 per cent, -2.2 per cent last year), diesel engines (7 per cent , 10 per cent last year), aluminium (9 per cent, 14 per cent last year), cast iron spun pipe (5 per cent, 10 per cent last year), LCVs (4 per cent, 11 per cent last year), alcoholic beverage (3.5 per cent, 10 per cent last year), soda ash (0.5 per cent, 15 per cent last year), pumps (8 per cent, 10 per cent last year), processed food (8.5 per cent, 10 per cent last year).

31 sectors have reported negative growth. Some sectors belonging to electrical machinery industry and equipment industry - transformer (-4.1 per cent, 14.1 per cent last year), power transformer (-8.2 per cent, -20.4 per cent last year ), electric motors (-1.5 per cent, -12 per cent last year), motor starters (-13.7 per cent, 18 per cent last year), power cables (-21.7 per cent, -4.1 per cent last year), switchgears (-3.4 per cent, -23 per cent last year) transmission line towers (-12.4 per cent, 4.2 per cent last year) have reported negative growth because of contraction in demand and slackness in implementing mega power projects.

Automobile segments including scooters (-30 per cent, -4 per cent last year), cars (-13 per cent, 48 per cent last year), M&HCVs (-21 per cent, 39 per cent last year), mopeds (-4 per cent, 8 per cent last year) have also registered negative growth.

The downtrend in automobiles production has impacted the growth in auto component industry which has recorded a marginal growth of 1.5 per cent compared to 30 per cent in the corresponding period previous year.

Vanaspati (-3.3 per cent, 33 per cent last year) has also suffered a setback because of cheaper imports and impact of the Indo-Nepal trade treaty.

Of the 52 sectors which have reported export figures, only 10 sectors show negative growth. 15 sectors have achieved excellent growth, 15 high and 12 sectors reporting moderate growth of 0-10 per cent.

Automobiles segment -- LCVs (71 per cent, -13 per cent last year ), (26 per cent, 0 per cent last year), scooters (27 per cent, -30 per cent last year), mopeds (59 per cent, -22 per cent last year) have maintained excellent growth in exports achieved in the last two quarters with overall automobiles export growth at 21 per cent compared to -12 per cent last year.

There has however been decline in M & HCVs (8 per cent compared to excellent of 25 per cent in the last quarter) and in multi-utility vehicles (-20 per cent, 94 per cent last year).

Aluminium (60 per cent, 89 per cent last year), ball & roller bearings (28 per cent, 4.7 per cent last year), soda ash (500 per cent, -43.5 per cent last year), textile machinery (17 per cent, -34 per cent last year), nylon filament yarn (29 per cent, -63 per cent last year), malted food (150 per cent, 12 per cent last year), glass products (23 per cent, 12 per cent last year) are among the other items which have clocked excellent and higher growth rates in exports.

The growth figures of the various industry sectors and particularly those of exports recorded in Ascon survey continues to give some positive signals for overall industry growth and also export-led production growth though there would be stiff competition from cheaper imports.

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