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Home / Business News / Eight core industries’ output contracts 6.5% in March

Eight core industries’ output contracts 6.5% in March

The eight core sectors had expanded by 5.8 per cent in March 2019.

business Updated: Apr 30, 2020, 19:21 IST
Press Trust of India
Press Trust of India
New Delhi
During the April-March 2019-20 period, core industries recorded 0.6 per cent growth against 4.4 per cent in 2018-19.
During the April-March 2019-20 period, core industries recorded 0.6 per cent growth against 4.4 per cent in 2018-19.(Bloomberg file photo )

The output of eight core infrastructure industries shrank by 6.5 per cent in March due to fall in production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity amid the coronavirus lockdown.

The eight core sectors had expanded by 5.8 per cent in March 2019. Production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity contracted by 5.5 per cent, 15.2 per cent, 0.5 per cent, 11.9 per cent, 13 per cent, 24.7 per cent and 7.2 per cent respectively in the month under review, official data showed.

The growth rate of coal production declined to 4.1 per cent in March from 9.1 per cent in March 2019. During the April-March 2019-20 period, core industries recorded 0.6 per cent growth against 4.4 per cent in 2018-19.

ht epaper

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