Corona lockdown tweaked the country's core sector industries, down 38 per cent

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New Delhi, 29 May 2020 Friday

Core sector production in eight major industries declined by 38.1% in April due to the nationwide lockdown of cores. In March 2020, production in the eight core sectors declined by 9%. The sector has been hit hard by the Corona epidemic.

The eight basic industries include coal, cement, steel, natural gas, refinery, electricity, fertilizer and crude oil. The weightage of eight basic industries in the country's total industrial production index (IIP) is about 40.27%.

The biggest hit during the period was the steel and cement sectors, whose production fell sharply by 83.9% and 86%, respectively. Coal production fell by 15.5% and crude oil by 6.4%.

Natural gas production fell sharply by 19.9% ​​during April, according to figures released by the Ministry of Commerce and Industry.

Refinery production also fell sharply by 24.2%. Fertilizer production has declined by 4.5%. Electricity production fell 22.8% in April.

Earlier in February, the total growth of the eight major industrial sectors reached an 11-month high of 5.5%. Core sector output grew by only 2.2% in January.

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