Eight core industries' output contracts 6.5% in March

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Eight core industries' output contracts 6.5% in March

Apr 30, 2020 18:13 IST

Amid the lockdown due to Covid-19, the output of eight core infrastructure industries shrank by 6.5% in March due to a fall in the production of crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity. The eight-core sectors had expanded by 5.8% in March 2019. During the FY20, core industries recorded 0.6% growth against 4.4% in FY19.

Economy