|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
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 Indias restrictive
policies, which curtails the growth of NBFCs (non banking
finance corporations) drastically.