Eight core industries output shrunk -6.47% in March 20201 min read . Updated: 30 Apr 2020, 08:13 PM IST
Seven of the total eight sectors contracted in March 2020
Production output of eight core industries shrunk by -6.47 in March 2020%, down from 7.1% in the previous month, according to data released by the Office of the Economic Advisor today. This decline largely came on the back of contraction in Cement and Natural Gas sectors.
7 of the total 8 sectors contracted in March 2020. The coal industry had the highest growth rate at 4.0%, while the cement industry had the lowest growth rate at -20.0%
The eight core sector industries are coal (annualised growth of 3.96%), crude oil (-5.5%), natural gas (-15.21%), refinery products (-0.49%), fertiliser (-11.85%), steel (-13.05%), cement (-24.73%) and electricity (-7.22%). Together, they have a combined share of 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
Data has been sourced from the Office of the Economic Advisor's website.