(Photo: Mint)

Mint Business News - Official Channel

Lockdown impact: Eight core industries' output contracts by 38.1% in April

Output of eight infrastructure sectors saw 5.2% growth in year-ago period


Due to nationwide lockdown, the output of eight core industries for April 2020 contracted a whopping 38.1% as compared to decline of 9% in the previous month (March 2020). The output of eight infrastructure sectors saw 5.2% growth in April 2019.

The lockdown that was necessitated by coronavirus saw coal, cement, steel, natural gas, refinery, crude oil experience substantial loss of production in the month of April, government data shows.

The eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Production of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity contracted by 15.5%, 6.4%, 19.9%, 24.2%, 4.5%, 83.9%, 86%, 22.8%, respectively.

During 2019-20, core industries recorded 0.6%t growth against 4.4% in 2018-19.

Subscribe to newsletters

* Enter a valid email
* Thank you for subscribing to our newsletter.