Eight core sectors' output grows 56% in April on low base effect

In March this year, the eight sectors had recorded a growth rate of 11.4 per cent.

Industrial output, factory output, IIP, Indian economy, GDP, Manufacturing,
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Press Trust of India
The output of eight core sectors jumped by 56.1 per cent in April mainly due to low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Monday showed.
 
The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 37.9 per cent in April 2020.
 
"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-19 last year," the ministry said in a statement.
 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: May 31 2021 | 5:21 PM IST

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