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Eight core sectors' output skyrockets by 56.1% in April

India Business News: The output of eight core sectors jumped by 56.1 per cent in April mainly due to a low base effect and uptick in production of natural gas, refinery pr ....

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Spooky times

Spooky times
With our second wave of covid eluding control, uncertainty levels have risen again amid a flurry of reimposed restrictions. Hotspots in a few industrial states are under partial lockdown, a word that administrators have tiptoed around, given the shudders it evokes
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After dismal core sector output, the March reading of India’s Purchasing Managers Index for manufacturing is the latest to suggest our economic recovery might be losing steam. The index, released by IHS Markit on Monday, dropped to 55.4 last month from 57.5 in February. Though still above 50, indicative of order books filling up instead of thinning out, the latest figure is the lowest in seven months and stands out among Asian economies, which have mostly seen upturns sustain. ....

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Core sector shrinks 2.6% in Nov, 9th month in a row

Core sector shrinks 2.6% in Nov, 9th month in a row
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This story is from January 1, 2021
Core sector shrinks 2.6% in Nov, 9th month in a row
TNN / Jan 1, 2021, 06:30 IST
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NEW DELHI: The eight key core sectors contracted for the ninth consecutive month in November, posing some concerns for policy makers in the new year. Data released by the commerce and industry ministry on Thursday showed the key infrastructure sectors contracted 2.6% in November, sharper than the 0.9% decline in the previous month. The core sectors had witnessed 0.7% growth in the same month last year.
The crucial sector accounts for nearly 41% of the index of industrial production (IIP) and the November numbers may impact the factory output, which will be released later. Between April and November, the core sector contracted 11.4%. ....

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