Eight core sectors’ output skyrockets by 56.1 per cent in April on low index base

PTI Updated - May 31, 2021 at 06:17 PM.

Natural gas, refinery products, steel, cement and electricity output jump

A worker checks the dimension of a wheel used in textile machinery inside a factory in the western Indian city of Ahmedabad March 12, 2014. India's industrial production grew for the first time in four months in January, posting annual growth of 0.1 percent, government data showed on Wednesday. REUTERS/Amit Dave (INDIA - Tags: BUSINESS EMPLOYMENT)

The output of eight core sectors jumped by 56.1 per cent in April mainly due to low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Monday showed.

The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 37.9 per cent in April 2020.

"This high growth rate in April 2021 is largely due to low Index base in April 2020 consequent to the low industrial production across all sectors caused by nationwide lockdown imposed to contain spread of Covid-19 last year," the ministry said in a statement.

Eight core industries output at 32-month high of 6.8% growth in March 2021

According to the commerce and industry ministry data, production of natural gas, refinery products, steel, cement and electricity jumped by 25 per cent, 30.9 per cent, 400 per cent, 548.8 per cent and 38.7 per cent in April, as against (-) 19.9 per cent, (-) 24.2 per cent, (-) 82.8 per cent, (-) 85.2 per cent and (-) 22.9 per cent in April 2020, respectively.

Coal, and fertiliser segments too recorded positive growth during the month.

However, crude oil output dipped by 2.1 per cent in April as against (-) 6.4 per cent in the same month last year.

In March this year, the eight sectors had recorded a growth rate of 11.4 per cent.

Published on May 31, 2021 12:42