Home >News >India >Eight core industries' output contracts 23.4% in May

NEW DELHI :

The output of eight core infrastructure industries shrank by 23.4% in May due to the coronavirus-induced lockdown, according to the official data.

The eight core sectors had expanded by 3.8% in May 2019, the data released by the Commerce and Industry Ministry on Tuesday showed.

Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May.

During April-May 2020-21, the sectors output dipped by 30% as compared to 4.5% in the same period previous year.

"In view of nationwide lockdown during April and May 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.

These eight industries accounts for 40.27% in the Index of Industrial Production (IIP).

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

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Close
×
My Reads Logout