Categories: Business

Eight core sector output rose 16.8% in May

New Delhi: The output of eight core sectors grew 16.8 percent in May, mainly due to low basic effects and uptick in natural gas production, refinery, steel, cement products, official data shown on Wednesday.
Eight coal infrastructure sectors, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity have been contracted by 21.4 percent in May 2020 due to locking restrictions imposed to control the spread of Covid-19 infection.
In March this year, these main sectors have recorded growth of 11.4 percent, and 60.9 percent in April.
According to trade data and the Ministry of Industry, natural gas production, refinery, steel products, cement and electricity surged by 20.1 percent, 15.3 percent, 59.3 percent, 7.9 percent and 7.3 percent in May, as against (-) 16.8 percent, (-) 21.3 percent, (-) 40.4 percent, (-) 21.4 percent and (-) 14.8 percent on May 2020.
Coal output also rose 6.9 Percent during this month was reviewed as 14 percent negative growth in the same month the previous year.
The fertilizer and crude oil segment recorded negative growth during the month of review.
During April-May this fiscal, eight sectors grew by 35.8 percent compared to negative growth of 29.4 percent in the same period last year.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

SonÄ«pat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago