Sectoral Output News Today

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.

Instead of the V-shaped recovery that we had hoped for, policymakers must now worry about a ‘K-shaped’ trajectory of rapidly diverging economic fortunes. Owners of listed assets are getting richer, while millions more despair.