Core Sector Output Falls by 5.2%
- 01 Nov 2019
- 1 min read
Why in News?
- The output of eight Core Infrastructure Industries has contracted by 5.2% in September (2019), indicating the severity of the economic slowdown.
- Except for fertilizers (output improved by 5.4% in September), the other seven infrastructure industries experienced a contraction.
- The coal sector is the worst performer on account of an extended monsoon, a surge in renewable energy supply and labour issues at state-run Coal India Ltd.
- The eight Core Industries in decreasing order of their weightage: Refinery Products> Electricity> Steel> Coal> Crude Oil> Natural Gas> Cement> Fertilizers.
|Industry||Weight (In percentage)|
|Petroleum & Refinery production||28.04|
|Crude Oil production||8.98|
|Natural Gas production||6.88|