You are here: Home » Economy & Policy » News
Business Standard

Core sector output in March rises 6.8%, but contracts 7% in FY21: Govt

Coal production declined by 21.9 per cent in March, 2021 over the same period last year

Topics
Core Sector | Core Sector data | Coronavirus

Agencies  |  New Delhi 

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

The output of eight core sectors grew by 6.8 per cent 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.

In the previous month of February, output had fallen at the fastest pace in six months, contracting 3.8 percent

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity, and accounts for nearly 40% of industrial output, fell by 7 per cent in the 2020/21 fiscal year that ended on March 31, the data showed.

Coal production declined by 21.9 per cent in March, 2021 over the same period last year. Meanwhile, Crude Oil production declined by 3.1 per cent in March.

Steel production in the month increased by 23 per cent in the month of March, showed government data. Cement production, which has a weight of 5.37 per cent increased by 32.5 per cent.

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, April 30 2021. 17:32 IST
RECOMMENDED FOR YOU
.