According to the official data released on Friday, the growth rate of eight basic industries declined by 8.6 percent in March 2020.
Eight core sectors’ growth up 6.8 pc in March 2021 as against (-) 8.6 pc same month last yr: Govt data
— Press Trust of India (@PTI_News) April 30, 2021
According to data from the Ministry of Commerce and Industry, natural gas, steel, cement and electricity production jumped 12.3 per cent, 23 per cent, 32.5 per cent and 21.6 per cent respectively in the month of March. In the same month last year, there was a decline of (-) 15.1 per cent, (-) 21.9 per cent, (-) 25.1 per cent and (-) 8.2 per cent respectively. Production of coal, crude oil, refinery products and fertilizers in this During the decline was recorded. In the financial year 2020-21 (April-March), the production of eight basic industries declined by 7 percent compared to the same period a year ago. There was an increase of 0.4 per cent in the same period of 2019-20.