While 51 sectors like cement, crude oil, natural gas, fertiliser and aluminium posted moderate growth rate of less than 10 per cent, there were 12 sectors which reported excellent growth rate of over 20 per cent over the same period last year. A total of 28 sectors have registered high growth rate between 10 to 20 per cent over the previous year.

These included basic good segments like paints, asbestos cement products, capital goods sectors like pumps, air and gas compressor and electronic components.

The highlight of the random industry review by Association Council (Ascon) of CII based on information provided by member companies and its 77 affiliated services is that the sectors which posted excellent growth rateswere mainly from the consumer durables and non-durable segments.

While the automobile and auto components and cements sectors are forecast to be stable during the next six months the outlook of steel production appears set for a positive growth ranging between zero to five per cent. Sectors which posted excellent growth during the period included polyster filament yarn (30 per cent), software (70 per cent), drugs and pharmaceuticals (20 per cent) and electronic components (20 per cent).