May 29, 1999|
Positive growth in more than 40 sectors
More than 40 sectors (including auto, cement, auto ancillaries, software) posted growth in excess of 10%
in April 1999, as against April 1998, indicating signs of a possible revival.
As per the survey conducted by CII (reported by Economic Times) covering 128 sectors, around 48
sectors have clocked production growth of 10% or more. 51% sectors have grown by less than 10%, while 24
sectors have posted negative growth in April 1999.
Auto sector posted production rise of 21%, with M/HCVs
clocking an astonishing 96% production growth, cars -
39% growth, motorcycles - 29% growth, scooters - 16%,
LCVs - 13%.
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