Core sectors account for 40% in IIP
The share of 8 core sectors in the Index of Industrial Production (IIP) is 40.27 percent. According to government data, in May 2021, coal, natural gas, refinery products, steel, cement and electricity saw an increase compared to May 2020. Let us tell you that due to the second wave of Corona virus, there was an atmosphere of uncertainty in the country. Even after this, the good news is that in May 2021, there has been an increase in all the 8 basic sectors.
#BreakingNews | MAY CORE SECTOR DATA (MoM)
– Coal Sector Growth 6.9% Vs 9.5%
– Crude Sector Growth -6.3% Vs -2.1%
– Steel Sector Growth 59.3% Vs 472.7%
– Cement Sector Growth 7.9% Vs 582.7% pic.twitter.com/amHGizzPUx
— CNBC-AWAAZ (@CNBC_Awaaz) June 30, 2021
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Increase in production of all 8 industries
According to government data, in May 2021, there has been an increase in the production of all 8 industries of the core sector. In this, steel production has increased by 59.5 percent. At the same time, 6.9 percent growth has been registered in the coal sector. Apart from this, the crude sector growth was negative 6.3 percent. There has been a growth of 7.9 percent in the cement sector.