Nosy Media

Latest Tech,Product reviews,World & Business News

Production of eight basic industries increased by 56.1 percent in April

New Delhi, May 31 (PTI) The output of eight core industries grew by 56.1 per cent in April 2021 over the same period last year, according to data released by the government on Monday.

Production of natural gas, refinery products, steel, cement and electricity increased during this period.

Significantly, in April 2020, the output of eight core industries of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity declined by 37.9 percent.

“This higher growth rate in April 2021 is largely due to the lower base effect in April 2020,” the ministry said in a statement. Last year, industrial production in all sectors declined sharply due to the nationwide lockdown imposed to contain the outbreak of Kovid-19.

According to data from the Ministry of Commerce and Industry, production of natural gas, refinery products, steel, cement and electricity grew by 25 per cent, 30.9 per cent, 400 per cent, 548.8 per cent and 38.7 per cent, respectively, in April 2021 as compared to April 2020 There was a decline of 19.9 per cent, 24.2 per cent, 82.8 per cent, 85.2 per cent and 22.9 per cent, respectively.

According to the statement, growth was also registered in the Coal and Fertilizers segment during the month under review. However, crude oil production fell by 2.1 per cent in April.

Eight core industries registered a growth of 11.4 per cent in March this year.


Leave a Reply

Your email address will not be published. Required fields are marked *