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The survey, which was tabled by Finance Minister Pranab Mukherjee in parliament on Thursday, said that the rise in off take of bank credit and the upturn in the power generation capacity were positive pointers towards the recovery of Indian economy.
The provision of credit by banks to most of the individual sectors declined in 2008-09. Only wood, petroleum, chemicals and gems and jewellery sectors had reported a major increase in the available credit.
The provision of funds by the banks for mining, food processing, textile, leather and metal industries had plunged significantly.
According to the survey, the consistent flow of FDI into our nation also indicates that Indian economy is recovering from the recession.
Even though the tobacco and the machinery and equipment sectors maintained a high growth rate of over 8% in have depicted a negative growth rate.
“The decline in crude prices, input prices and interest rates should help the industry to improve their profit margins that have been under pressure," the survey said.
