Core Industries Output Declined by 4.6% in February
Ministry of Commerce & Industry released the performance of eight core industries (Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement & Electricity) which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP) . The growth rate of Index of Eight Core Industries for February 2021 declined by 4.6 % (provisional) compared to index of February 2020. Its cumulative growth during the months of April-February, 2020-21 was -8.3%. Coal - Coal production declined by 4.4 per cent in February, 2021 over February, 2020. Its cumulative index declined by 2.2 per cent during April to February, 2020-21 over corresponding period of the previous year. Crude Oil - Crude Oil production declined by 3.2 per cent in February, 2021 over February, 2020. Its cumulative index declined by 5.4 per cent during April to February, 2020-21 over the corresponding period of previous year. Nat...