Core sector output plunges by 6.5% in March

Top Stories

»	PM Modi to interact with India’s vibrant startup ecosystem
»	Indian stock markets remain closed for Maharashtra civic elections
»	Gold prices eye fresh record high, silver skyrockets after softer US inflation data
»	Sensex, Nifty open lower over FII outflows, crude prices rise
»	25 pc US tariffs over trading with Iran: What it means for India

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).