Industry

Core sector output up 6.8% in March

Workers at a construction site in Nochikuppam, near Light House in Chennai.   | Photo Credit: RAGU R

The output of eight core sectors grew by 6.8% in March, driven by base effect-led uptick in production of natural gas, steel, cement and electricity, official data showed on Friday.

The growth rate of the eight infrastructure sectors – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity – stood at (-) 8.6 per cent in March 2020.

According to the commerce and industry ministry data, production of natural gas, steel, cement and electricity jumped by 12.3%, 23%, 32.5% and 21.6% in March, as against (-) 15.1%, (-) 21.9%, (-) 25.1% and (-) 8.2% in March 2020, respectively.

Coal, crude oil, refinery products and fertiliser segments recorded negative growth during the month under review.

During 2020-21 (April-March), output of the eight sectors contracted by 7% as against a positive growth of 0.4% in 2019-20.


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Printable version | Jun 24, 2021 12:40:30 PM | https://www.thehindu.com/business/Industry/core-sectors-output-up-68-in-march/article34450461.ece

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