Economic activity picks up in March, core industries growth at 6.8%

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According to the official data released on Friday, the growth rate of eight basic industries declined by 8.6 percent in March 2020.

New Delhi. Coronavirus continues to wreak havoc in the country and now every day the number of deaths is increasing rapidly. Meanwhile, the data for the core industries growth output for the month of March has arrived. The production of eight infrastructure industries in the country increased by 6.8 percent in March this year. The growth rate of basic industries increased with the increase in natural gas, steel, cement and power production amid a weak base. According to the official data released on Friday, the growth rate of eight basic industries … coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity … declined by 8.6 percent in the same month last year ie March 2020. Was recorded.

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.




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