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Eight core industries grow up to reach -15.0 pc in June vs -22 pc in May Eight Core Industry

Eight core industries grow up to reach -15.0 pc in June vs -22 pc in May

India Blooms News Service | @indiablooms | 31 Jul 2020, 06:02 pm

New Delhi/UNI: The growth rate of Index of Eight Core Industries for June 2020 declined by 15.0 per cent compared to decline of 22.0 per cent in previous month, according to data released by government on Friday.

Its cumulative growth during April to June, 2020-21 was -24.6 per cent against 3.4 per cent in the same duration previous year.

Final growth rate of Index of Eight Core Industries for March 2020 was revised at -8.6 per cent.

The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

Production of Coal declined by 15.5 per cent, Crude Oil production by 8.98 per cent, Natural Gas by 12.0 per cent in June compared to the previous month.

Petroleum Refinery production declined by 8.9 per cent while Fertilizers production increased by 4.2 per cent in June over the same month last year.

Steel production declined by 33.8 per cent and Cement production by 6.9 per cent in June over the same month previous year.

Electricity generation declined by 11.0 per cent in June 2020 over the same month last year.