The output of eight core industries grew 0.1 per cent year-on-year in January 2021. Fertilizers, steel and electricity were the only sectors to record positive growth in the month, as per the data releases by Department for Promotion of Industry and Internal Trade.
For April-January 2020-21, output of eight core industries shrank 8.8 per cent, while the number was revised for October 2020 to 0.5 per cent from its provisionla level of 2.5 per cent.
Cement production saw the steepest fall at 5.9 per cent in January, while coal production declined 1.8 per cent. Crude oil and natural gas production fell 4.6 per cent and 2 per cent in the month. Petroleum refinery production also declined 2.6 per cent over January 2020.
Electricty generation rose the highest by 5.1 per cent, while fertilizer and steel production also rose 2.7 per cent and 2.6 per cent, respectively.
(More details to follow)