MAM

Services sector to grow by 7-7.5%: CII Ascon survey

MUMBAI: Good news for the advertising fraternity! The services sector has continued its steady growth for the period April-June 2003 - says the latest Confederation of Indian Industry (CII)-Ascon Services Sector Survey.

The survey concludes that the services sector is estimated to grow between 7 to 7.5 per cent this year. This, it says, is significant, given the fact that services contribute the largest towards growth of the Indian economy.

The CII Ascon study reveals that cellular phones, construction industry and the hotel industry have posted impressive growth. Out of the eight sectors surveyed, three sectors registered growth in excess of 20 per cent, four sectors registered high growth between 10-20 per cent and only one sector recorded negative growth.

According to the CII-Ascon Survey, the fastest growing sector has been the cellular services sector, which registered a subscriber growth rate of 115 per cent over the period April-June 2003 over April-June 2002.

The CII-Ascon Survey says that the housing finance sector also registered impressive growth. Sanctions of home loans registered 35 per cent growth while disbursements registered a growth of 34 percent in April-June 2003 over April-June 2002.

The construction industry also had a positive growth. The industry recorded a growth of 15 per cent on turnover and an impressive 42.7 per cent on exports.

The tourism industry also maintained a high growth with tourist arrivals increasing by 12 per cent. The industry rallied forcefully after the Iraq war and tourist arrivals are expected to rise up to 15-20 per cent for the next six months. Occupancy in hotels are also expected at 15-20 per cent in the coming months.

The IT industry also maintained a high growth trend. Turnover in hardware registered a growth of 16 per cent while it was 12 per cent during the last year. Sale of personal computers and software recorded a growth of 12 per cent and 20 per cent respectively.

The leasing industry, unfortunately, had a dismal year adds the CII-Ascon report. It fell by 2 per cent and the outlook is negative in the coming months. The CII-Ascon Survey also attributes the reason for the poor showing to the Reserve Bank of India’s restrictive policies, which curtails the growth of NBFC’s (non banking finance corporations) drastically.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/denstu.jpg?itok=xFl58pR4
Dentsu appoints Rahul Sengupta as CCO

Dentsu India, the full-service communication agency from Dentsu Aegis Network, has brought in Rahul Sengupta as the chief creative officer (CCO).

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/Untitled-1.jpg?itok=-9drpSTH
The Womb will nurture ASUS' India strategy

MUMBAI: The Womb, an advertising and innovations company, has won the strategy and creative mandate for ASUS India, the Taiwanese leader in technology. The agency is tasked with the communications mandate for both smartphones and laptops business in India. The Womb has initiated work for its...

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/Mallikarjun%20Das.jpg?itok=9kwe0GUf
Publicis' co Starcom wins Lenskart media duties

MUMBAI: Starcom, a Publicis Media company, has won the media duties of the eyewear retailer Lenskart. Lenskart has growing business that reaches out to over 1, 00,000 customers a month via a combination of a strong online business as well as ‘home check-up' service. As per industry estimates, India...

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/BBH.jpg?itok=0dIZrEuC
BBH bags creative mandate for Smarton

Smartron has appointed BBH (Bartle Bogle Hegarty) as its creative strategy and advertising agency partner after a multi-agency pitch. The agency’s Delhi office will execute the integrated creative strategy for the brand across media.

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/iprospect.jpg?itok=vAcx-0hl
Intelligent Content vital for branding: iProspect CEO about new solution

iProspect, Dentsu Aegis Network’s global digital performance agency, has launched Intelligent Content – an offering that links production and performance – in India.

MAM Media and Advertising AD Agencies
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/20/denstu.jpg?itok=B79FV15-
Dentsu Impact elevates Ramaswamy, to make 'Maruti' a vibrant brand

Dentsu Impact recently restructured its creative department and promoted Anupama Ramaswamy as the national creative director. Ramaswamy has been with Dentsu Impact for over a year now, after joining as the executive creative director.

MAM Media and Advertising People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/Pallavi-Goorha-Nisha_Sara_Jose.jpg?itok=W8TGSvvV
PG Communication wins Faber Castell PR mandate

MUMBAI: Faber-Castell India, a leading stationery brand, recently awarded its PR mandate to PG Communication. As part of the mandate, the agency will be providing strategic communications services to further strengthen the Faber-Castell brand equity in India.

MAM Media and Advertising Account
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/Amit_Chopra.jpg?itok=yANU5H5U
Star Bharat's Dusshera campaign shows why Dhoni, Mithali and Devgn advocated 'Burn your Fears'

MUMBAI: Star Bharat has unveiled a campaign to further communicate the channel philosophy and inspire the nation to be fearless. Maestro A.R. Rahman’s signature music for Star Bharat is used in these films adding further weight to the thought, Bhula de Darr.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/19/jewellery.jpg?itok=opHm5qPy
eCommerce, jewellery brands among most advertised on television

BENGALURU: The annual ‘Big Billion Day’ and ‘Great Indian Festival sale’ will be back soon – and the respective players are quite noisy about them on television. Innovative creatives, rehashes of previous creatives are back to announce the big great deals that will be on offer. Flipkart’s annual...

MAM Marketing Brands

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories