google.com, pub-9501031967421588, DIRECT, f08c47fec0942fa0 Covid squeezes core sector in April, output slumps 38% ~ Bharath Bulletin

Friday, May 29, 2020

Covid squeezes core sector in April, output slumps 38%

Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production due to the nationwide lockdown. The numbers indicated that overall industrial production is headed for a high double-digit decline as the Covid-19-induced lockdown has taken a toll on economic activity.

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