Water is sprayed on red hot steel slabs at a steel factory in India. (Photographer: Dhiraj Singh/Bloomberg)

India’s Core Sector Output Contracts By Record 38.1% In April



India’s core sector output shrank by a record 38.1% in April due to the coronavirus-induced lockdown, according to the official data released Friday.

The eight core sectors had expanded by 5.2 percent in April 2019, the data released by the Commerce and Industries Ministry showed. In March this year, production of the eight sectors—coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity—had contracted by 9%.

"In view of nationwide lockdown during April 2020 due to Covid-19 pandemic, various industries—Coal, Cement, Steel, Natural Gas, Refinery, Crude Oil, etc.—experienced substantial loss of production," the ministry said in a statement.

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