Eight core industries’ output contracts 9.6% in July

The production of eight core sectors had expanded by 2.6 per cent in July 2019, data released by the Commerce and Industry Ministry on Monday showed.

The manufacturing sector saw a contraction of 11.1 per cent on-year to 118.8 during the month of July, while the mining sector slipped -13.0 per cent to 87.2 and electricity sector witnessed a fall of 2.5 per cent at 166.3, the MoSPI data showed. (Image source: Dhiraj Singh/Bloomberg)

Contracting for the fifth consecutive month, the output of eight core infrastructure sectors dropped by 9.6 per cent in July due to decline mostly in production of steel, refinery products and cement.

The production of eight core sectors had expanded by 2.6 per cent in July 2019, data released by the Commerce and Industry Ministry on Monday showed.

Barring fertiliser, all seven sectors — coal, crude oil, natural gas, refinery products, steel, cement and electricity — recorded negative growth in July.

Story continues below this ad

The output of steel, refinery products, cement, natural gas, coal, crude oil and electricity declined by 16.5 per cent, 13.9 per cent, 13.5 per cent, 10.2 per cent, 5.7 per cent, 4.9 per cent and 2.3 per cent, respectively.

On the other hand, the fertiliser output grew by 6.9 per cent during the month under review as against 1.5 per cent in July 2019.

During April-July 2020-21, the sector’s output dipped by 20.5 per cent as compared to a growth of 3.2 per cent in the same period previous year.

Dominic A LeBlanc, the Minister of Public Safety, said, "The promotion of violence is never acceptable in Canada." (PTI Photo/ File)

Khalistani outfit SFJ threatens to ‘siege’ Indian consulate in Canada

India3 hr ago

Khalistani outfit Sikhs For Justice has called for a "siege" on the Indian consulate in Canada on September 18, accusing them of running a spy network to target Khalistan supporters. The group has also threatened the Indian consulates in Canada and released a poster with a target on the face of the Indian High Commissioner.

View all shorts

Live Blog