CII ASCON survey 2012
The CII ASCON survey, which tracks the growth of industrial sector of the economy through survey feedback received from sectoral industry associations and individual industry members, reveals deepening of the industrial slowdown in the wake of continuing issues related to high interest rate, deficient monsoon, inflation, widening fiscal and current account deficits and slowing global economy. The survey, comparing the expected growth of 103 industrial sectors of the economy for July-September 2012 over July–September 2011, categorises the growth ranges in four broad categories namely excellent ( >20%), good (10-20%), low (0-10%), and negative. The proportion of companies expecting excellent performance is reported to have shrunk considerably (from 23.8% to 3.8%) and number of sectors that are expecting low growth (from 44.7% to 51.4%) and negative growth (from 10.6% to 15.5%) have expanded significantly for July-Sep quarter of current year compared to the same period of last year.