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LATEST NEWS UPDATES | Coronavirus lockdown: Industrial output shrank 16.7% in March 2020

Coronavirus lockdown: Industrial output shrank 16.7% in March 2020

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published Published on May 12, 2020   modified Modified on May 13, 2020

-The Hindu

All categories of manufacturing industries showed a contraction in production, with the worst affected being the automobile sector

India’s factory output plummeted to record lows in March, with the Index of Industrial Production contracting 16.7%, reflecting the drastic impact of the countrywide lockdown that began on March 25. This comes after a positive growth of 4.5% recorded in February.

Manufacturing sector output slumped 20% in March, while electricity generation shrank almost 7%, according to data released on Tuesday by the Ministry of Statistics and Programme Implementation. The mining sector remained flat, without any growth or contraction in output.

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The Hindu, 12 May, 2020, https://www.thehindu.com/business/Economy/coronavirus-lockdown-industrial-output-shrank-167-in-march-2020/article31569384.ece?homepage=true


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