May 12, 2008 -- India's manufacturing sector witnessed a decline between April 2007 and March 2008, says a survey conducted by a leading industry chamber. While 21.73 percent of all units in the manufacturing sector recorded over 20 percent growth in 2006-07, the figure declined to 15.38 percent in 2007-08, according to the Confederation of Indian Industry (CII)-Association of Council (ASCON) Survey.
The categories recording negative growth included fertilizers, machine tools, tractors, the vehicle industry, including three-wheelers and motorcycles.
Abstracted from Indo-Asian News Service
