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Core sector output plunges by 6.5% in March
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SME Times News Bureau | 30 Apr, 2020
The output of India's eight major industries crashed
in March 2020 by (-) 6.5 per cent from a rise of 7.1 per cent reported
in February, 2020.
The massive magnitude of last month's fall was
also evident on year-on-year basis. The Index of Eight Core Industries
had risen by 5.8 per cent in March 2019. The eight core industries
include coal, crude oil, natural gas, refinery products, fertilisers,
steel, cement and electricity.
As per the ECI, barring crude oil,
natural gas and steel, all other sectors expanded in February. The ECI
comprises over 40 per cent of the weight of items included in the Index
of Industrial Production (IIP).
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