Tag: core sector growth 2021

The output of eight core sectors grew by 16.8 per cent in May, primarily as a consequence of a low base impact and uptick in manufacturing of pure fuel, refinery merchandise, metal, cement and electrical energy, official information launched on Wednesday confirmed.
The eight infrastructure sectors of coal, crude oil, pure fuel, refinery merchandise, fertilisers, metal, cement and electrical energy had contracted by 21.4 per cent in May 2020 because of the lockdown restrictions imposed to regulate the unfold of the Covid infections.
As per Commerce Ministry information, manufacturing of pure fuel, refinery merchandise, metal, cement and electrical energy jumped by 20.1 per cent, 15.3 per cent, 59.3 per cent, 7.9 per cent and seven.3 per cent in May, as in opposition to (-) 16.8 per cent, (-) 21.3 per cent, (-) 40.4 per cent, (-) 21.4 per cent and (-) 14.8 per cent in May 2020, respectively.

The output of eight core sectors jumped by 56.1 per cent in April, totally on a low base impact and uptick in manufacturing of pure gasoline, refinery merchandise, metal, cement and electrical energy, official knowledge launched on Monday confirmed.
“This high growth rate in April 2021 is largely due to low Index base in April 2020 consequent to the low industrial production across all sectors caused by nationwide lockdown imposed to contain spread of Covid last year,” the Commerce Ministry mentioned. The eight infrastructure sectors had shrunk by 37.9 per cent in April 2020.
As per the info, output of pure gasoline, refinery merchandise, metal, cement and electrical energy rose 25 per cent, 30.9 per cent, 400 per cent, 548.8 per cent and 38.7 per cent this April, as towards (-) 19.9 per cent, (-) 24.2 per cent, (-) 82.8 per cent, (-) 85.2 per cent and (-) 22.9 per cent in April 2020, respectively.
Coal and fertiliser segments too noticed constructive progress. However, crude oil output dipped by 2.1 per cent in April as towards (-) 6.4 per cent in the identical month final 12 months.