A recently released official data shows that output of the eight core industries shrunk 0.4% in April against growth of 5.7% during the same month last year. Growth in production has declined every month since November 2014.
- The contraction in April, mainly on account of the poor generation of electricity and declining output of cement, refinery products and fertiliser, came on the back of March’s marginal decline of minus 0.1%.
Performance of various sectors:
- Coal and steel were only two sectors in which output grew.
- Coal production grew 7.9%, steel output grew but at 0.6% in April as against 6.9% in the same month last year.
- The output of crude oil declined 2.7% in April.
- Natural gas production was 3.6% lower.
- Electricity generation shrank 1.1% and cement output fell 2.4%.
- The production of refinery products declined 2.9% and fertiliser output shrunk marginally by 0.04%.
Core Sector Industries:
- The eight core sector industries are—
- crude oil,
- natural gas,
- refinery products,
- cement and
- The eight sectors contribute 38% to the overall industrial production.
Sources: The Hindu, PIB.