Core sector’s monthly fall in March biggest in 8 years

The eight-core sector industries, which account for over 40% of the index of industrial production (IIP), slumped 6.5% in March — the steepest monthly fall since the series was constructed in 2011-12 — as the deadly coronavirus severely hit output across sectors and highlighted the pain ahead for the industrial sector. Coal was the sole segment that recorded growth.



May 01, 2020 at 05:36AM