'Edu, healthcare, FMCG to grow at healthy rates in 2010'

Education, healthcare and FMCG sectors will grow at healthy rates in 2010, while capital goods, banking and real estate will continue to struggle next year, industry body Assocham has said.

"...Citizens investments on education will continue to rise to ensure growth for their dependents and wards," the chamber said adding "...Expansion in healthcare sector will continue to multiply due to growing consciousness among masses for receiving best services."

Similarly, FMCG sector would also grow as none will stop eating and using fast moving consumer goods products, it said.

It said that since the Indian economy is growing at a desired rate of about 7 per cent, it will also have direct bearings on education and health. "...Recessionary trends will start fizzling out in the next few months and will push up growth of education and healthcare," it added.

On the growth of capital goods segment, it said increasing imports would keep the sector largely at a disadvantage stage in 2010.

It further said that credit offtake is unlikely to pick up in banking sector until it moderates lending rates as per the anticipation of industry and masses in general.

Similarly, the real estate sector will not pick up on expected lines until affordable housing is ensured.