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Eight core industries' output contracts 23.4% in May

Jun 30, 2020 18:12 IST

The output of eight core infrastructure industries shrank by 23.4% in May due to the coronavirus-induced lockdown, according to the official data. The eight-core sectors had expanded by 3.8% in May 2019. Barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May.

Economy