Majority sectors to grow at 5-10%

  • 29/12/2002

  • Pioneer (New Delhi)

Welcoming the new year with hope, the CII Ascon survey has said many sectors were likely to grow by 5-10 % and some segments, especially CTVs, crossing 20 % mark in the first six months of 2003, even as it painted a gloomy picture for edible oil and diesel engine. "The sales of companies in many industrial sectors will rise between 5-10 %. In some areas, sales are expected to rise by more than 10-15 % and in a few, it might cross 15 % in the next six months," the survey said. Of the 58 manufacturing companies, according to survey, 26 of them were expected to grow by 5-10 %, while nine of the sectors are expected to grow by 10-15 %, four sectors to grow by over 15 % and three sectors were likely to see fall in sales.