Lockdown: India’s Core sector output contracts by 38.1 pct in April
New Delhi/IBNS: Reflecting the impact of the nationwide lockdown to fight against COVID-19, production output of eight core industries shrunk by -38.12 in April 2020%, as per data released by the Indian government on Friday.
It is significantly down from -9.0% as registered in the month of March.
The growth rate of Index of Eight Core Industries for April 2020 declined by 38.1% (provisional) compared to decline of 9 percent (provisional) previous month of March 2020.In view of nationwide lockdownduring April 2020 due to COVID-19 pandemic, various industries viz. Coal, Cement, Steel, Natural Gas, Refinery, Crude Oil etcexperienced substantial loss of production, read a government statement.
Final growth rate of Index of Eight Core Industries for January’2020 remains unchanged at 2.2%.
The summary of the Index of Eight Core Industries is given below:
Coal- Coal production (weight: 10.33per cent) declinedby 15.5 per cent in April, 2020 over April,2019. Its cumulative index declined by 0.4 per cent during April toMarch, 2019-20over corresponding period of the previous year.
Crude Oil-Crude Oil production (weight: 8.98per cent) declined by 6.4 per cent in April, 2020 over April,2019. Its cumulative index declined by 5.9 per cent during April toMarch, 2019-20over the corresponding period of previous year.
Natural Gas- The Natural Gas production (weight:6.88per cent) declinedby19.9 per cent in April, 2020 over April,2019. Its cumulative index declined by 5.6 per cent during April to March, 2019-20 over the corresponding period of previous year.
Refinery Products- Petroleum Refinery production (weight: 28.04per cent) declined by 24.2 per cent in April, 2020 over April,2019. Its cumulative index increased by 0.2per cent during April to March, 2019-20over the corresponding period of previous year.
Fertilizers-Fertilizers production (weight: 2.63 per cent) declined by 4.5 per cent in April, 2020 over April,2019. Its cumulative index increasedby 2.7 per cent during April toMarch, 2019-20 over the corresponding period of previous year.
Steel-Steel production (weight: 17.92per cent)declinedby 83.9 per cent in April, 2020 over April,2019. Its cumulative index increased by 3.4 per centduring April to March, 2019-20 over the corresponding period of previous year.
Cement-Cement production (weight:5.37per cent) declinedby 86.0 per cent in April, 2020over April,2019. Its cumulative index declinedby0.9 per centduring April to March, 2019-20over the corresponding period of previous year.
Electricity- Electricity generation (weight:19.85per cent) declinedby 22.8 per centin April, 2020over April,2019. Its cumulative indexincreased by1.0per cent duringApril to March, 2019-20over the corresponding period of previous year.
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