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March core sector output drops 6.5%

Byindianadmin

May 1, 2020 #output, #slumps
March core sector output drops 6.5%

Output at India’s core sector contracted by 6.5%in March, Commerce Ministry information show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown.

The index of eight core sector industries, which form 40%of the weight of items included in the wider Index of Industrial Production (IIP), showed a contraction in essential parts of the economy in March, according to the data launched on Thursday. Its cumulative development throughout the last fiscal year was 0.6%.

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