Read more about Eight core sectors output grows 56% in April on low base effect on Business Standard. In March this year, the eight sectors had recorded a growth rate of 11.4 per cent.
›Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second wave
Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second wave
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Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second waveET Online
Last Updated: May 31, 2021, 05:14 PM IST
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Synopsis
The April figures have been high largely due to the base effect but may have been tempered by the impact of local lockdowns on economic activity.
Agencies
High growth rate witnessed in April is largely due to the impact of low-base effect.
However, the expansion year-on-year stood at 56% on low base effect
On expected lines, the low base effect of April 2020 when the entire country was in lockdown played a crucial role in the eight core industries’ output recording a 56 per cent jump year-on-year in April 2021.
The right way to assess their performance even according to the government is to look at it sequentially; the eight core industries recorded a 15.1 per cent contraction in April 2021 compared to March 2021. This is a clear pointer to how the second Covid-19 wave had impacted industrial performance. In March 2021, the industries catapulted to a 32-month high of 6.8 per cent.
Read more about Top headlines: India FY21 GDP hits 4-decade low; core sector output rises on Business Standard. Business Standard brings you the top news of the day
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