Rising cost, inflation fail to dampen industry mood

Rising interest cost and inflation notwithstanding, the industry mood remains upbeat as over one-third of the 121 manufacturing sectors tracked by a CII-Ascon Survey, projected an excellent growth of above 20 per cent for the fiscal 2010-11.

The reason for decline in number of sectors showing 'high growth' between 10-20 per cent to 26 this fiscal from 30 in 2009-10 was stated to be their shifting to the 'excellent category,' the survey said.

Those showing above 20 per cent growth are considered excellent, 10-20 per cent fall in the 'high category' and 0-10 per cent in the moderate group.

The survey showed the number of sectors showing a negative growth was reduced to 5 this fiscal from 25 in the previous year.