CORE INDUSTRIES

Aug. 4, 2020

According to the data released by the Commerce and Industry Ministry, the index of eight core industries dropped 15% in June compared to a 22% decline in May. It had declined 37% in April. This is the fourth consecutive month of contraction in the core sector.

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The output of eight core infrastructure industries shrank by 15 % in June this year due to fall in the production of coal, crude oil, natural gas, steel, cement and electricity.
Barring fertilisers, other seven industries registered a decline in output. The output of coal sector fell 15.5 %, crude oil declined by 6 %, natural gas by 12 %, refinery products fell by 8.9 %, steel sector plunged by 33.8 %, cement by 6.9 % and electricity declined by 11 %.

Source : Economic Times

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