<p>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.<br /><br />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.<br /><br />The survey showed the number of sectors showing a negative growth was reduced to 5 this fiscal from 25 in the previous year.<br /><br />"Inspite of high inflation and rising input cost, a vast majority of industry sectors are set to record higher growth in 2010-11 than in the previous year," CII Director General Chandrajit Banerjee said.<br /><br />However, the CII projection that the overall industry performance in 2010-11 would be better than of the previous year is contrary to official figures which show that the manufacturing growth slipped to 8.6 per cent between April-January from 9.9 per cent.<br /><br />As per the government's estimates, the country's economic growth is pegged at 8.6 per cent in the current fiscal compared to 8 per cent in 2009-10.<br /><br />According to the CII-Ascon Survey, the sectors which showed excellent growth included air conditioners, tractors, fertilisers, ball and roller bearings, earth moving and construction equipment, tyres and machine tools.<br /><br />The sectors which grew between 10-20 per cent comprised of utility vehicles, natural gas, crude oil, power transformers, energy meter and alcoholic beverages.</p>
<p>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.<br /><br />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.<br /><br />The survey showed the number of sectors showing a negative growth was reduced to 5 this fiscal from 25 in the previous year.<br /><br />"Inspite of high inflation and rising input cost, a vast majority of industry sectors are set to record higher growth in 2010-11 than in the previous year," CII Director General Chandrajit Banerjee said.<br /><br />However, the CII projection that the overall industry performance in 2010-11 would be better than of the previous year is contrary to official figures which show that the manufacturing growth slipped to 8.6 per cent between April-January from 9.9 per cent.<br /><br />As per the government's estimates, the country's economic growth is pegged at 8.6 per cent in the current fiscal compared to 8 per cent in 2009-10.<br /><br />According to the CII-Ascon Survey, the sectors which showed excellent growth included air conditioners, tractors, fertilisers, ball and roller bearings, earth moving and construction equipment, tyres and machine tools.<br /><br />The sectors which grew between 10-20 per cent comprised of utility vehicles, natural gas, crude oil, power transformers, energy meter and alcoholic beverages.</p>