1. Economy Shows Moderate Signs
of Revival in First Qtr: CII Ascon

2. Contd..
• Indian industry has for the first time in recent months
admitted to an improvement in the economy,
coinciding with recent pickup in high-speed indicators
such as the Purchasing Managers' Index (PMI) and car
sales.Findings of the CII ASCON Industry Survey for the
first quarter of fiscal 2016 indicate a reversal in activity,
from slowdown to a modest recovery, adding to
evidence that the economy is looking up despite many
challenges.
• According to the survey , 16.1% of 93 sectors observed
reported over-20% growth in the April-June quarter,
compared with just 7.1% out of 111 sectors a year
earlier.

3. Contd..
• The survey tracks growth across sectors through responses
collected from sectoral industry associations. “What is especially
significant is that there are fewer sectors anticipating negative
growth and there has been a significant and perceptible positive
movement in percentage points recorded by many of the sectors
which were in moderate and negative growth category a year ago,“
Naushad Forbes, chairman of the CII Associations' Council (ASCON),
said in a news release. The share of sectors recording lower activity
has fallen to 23.6% from 26.9% in the first quarter last year. Other
monthly indicators also seem to suggest that a recovery is taking
shape. The manufacturing PMI rose to a six-month high in July ,
while the services PMI bounced into the positive territory after two
months of contraction.

4. Contd..
• The country's biggest car manufacturer,
Maruti Suzuki, posted 20% higher sales in July
, while Ashok Leyland, the second biggest
commercial vehicle maker, posted a 40%
increase in volume for the same month. The
revival has largely been driven by rapid
government spending in the new fiscal making
up for lack of private investment.

5. Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
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