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LATEST NEWS UPDATES | March core sector output slumps 6.5%

March core sector output slumps 6.5%

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published Published on May 1, 2020   modified Modified on May 1, 2020

-The Hindu

Sharper contraction likely in Index of Industrial Production.

Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data 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 broader Index of Industrial Production (IIP), reflected a contraction in key parts of the economy in March, according to the data released on Thursday. Its cumulative growth during the last fiscal year was 0.6%.

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The Hindu, 1 May, 2020, https://www.thehindu.com/business/Economy/march-core-sector-output-slumps-65/article31477076.ece?homepage=true


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