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Eight Core Industries Output in India Contracts by 23% in May

Steel News - Published on Wed, 01 Jul 2020

Image Source: India Manufacturing
The output of eight core infrastructure industries shrank by 23.4 per cent in May due to the coronavirus-induced lockdown as compared to decline of 37 percent (provisional) in previous month of April 2020.Its cumulative growth during April to May, 2020-21 was minus 30.0 per cent. In view of nationwide lockdownduring April& May 2020 due to COVID-19 pandemic, various industries viz. Coal, Cement, Steel, Natural Gas, Refinery, Crude Oil etc.experienced substantial loss of production. Steel production (weight: 17.92 per cent) declined by 48.4 per cent in May, 2020 over May, 2019. Its cumulative index declined by 63.3per cent during April to May, 2020-21 over the corresponding period of previous year.

Coal- Coal production (weight: 10.33 per cent) declined by 14.0 per cent in May, 2020 over May, 2019. Its cumulative index declined by 14.7per cent during April to May, 2020-21over corresponding period of the previous year.

Crude Oil- Crude Oil production (weight: 8.98 per cent) declined by 7.1 per cent in May, 2020 over May, 2019. Its cumulative index declined by 6.7 per cent during April toMay, 2020-21over the corresponding period of previous year.

Natural Gas- The Natural Gas production (weight: 6.88per cent) declined by16.8 per cent in May, 2020 over May,2019. Its cumulative index declined by 18.3 per cent during April to May, 2020-21 over the corresponding period of previous year.

Refinery Products- Petroleum Refinery production (weight: 28.04 per cent) declined by 21.3 per cent in May, 2020 over May, 2019. Its cumulative index declined by 22.7 per cent during April to May, 2020-21over the corresponding period of previous year.

Fertilizers-Fertilizers production (weight: 2.63 per cent) increased by 7.5 per cent in May, 2020 over May, 2019. Its cumulative index increased by 2.0 per cent during April toMay, 2020-21 over the corresponding period of previous year.

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Posted By : Yogender Pancholi on Wed, 01 Jul 2020
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