Despite rising input costs and interest rates, a CII-Ascon survey shows that the manufacturing industry is not doing too badly. According to the survey—carried out across 135 sectors—the share of sectors which saw high and moderate growth in production has increased during the April-June period in the current year, compared to the same period a year ago. However, the share of sectors registering excellent growth (more than 20%) has come down over the previous year. Sectors experiencing negative growth have declined significantly, signalling less stress at the bottom.
Graphic by Ahmed Raza Khan/Mint