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Index of Eight Core Industries Contracts 6 5% In FY21

Office of Economic Adviser, Department for Promotion of Industry and Internal Trade released Index of Eight Core Industries (ICI) for the Month of April, 2021. The combined ICI stood at 126.7 in April 2021, which increased by 56.1% (provisional) as compared to the Index of April 2020. This high growth rate in April 2021 is largely due to low Index base in April 2020 consequent to the low industrial production across all sectors caused by nationwide lockdown imposed to contain spread of Covid-19 last year. The month over month production of eight core industries, as captured by ICI, declined by 15.1% (P) in April 2021 compared to March 2021 (P) due to emergence of second wave of infectious COVID-19. Final growth rate of Index of Eight Core Industries for January 2021 is revised to 1.3% from its provisional level 0.1 %. The growth rate of ICI during April-March 2020-21 was (-) 6.5% (P) as compared to the corresponding period of last FY.

Index Of Core Industries Contracts 7% In FY21

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade released Index of Eight Core Industries for the Month of March, 2021. The combined Index of Eight Core Industries stood at 143.1 in March, 2021, which increased by 6.8% (provisional) as compared to the Index of March, 2020. However, its cumulative growth during April to March, 2020-21 has been (-) 7.0%. Final growth rate of Index of Eight Core Industries for December 2020 is revised to 0.4% from its provisional level (-) 1.3%. The summary of the Index of Eight Core Industries: Coal - Coal production (weight: 10.33 per cent) declined by 21.9 per cent in March, 2021 over March, 2020. Its cumulative index declined by 4.8 per cent during April to March, 2020-21 over corresponding period of the previous year.

November core sector output I Core sector output down 2 6% YoY in November; slump continues for nine-consecutive months

Updated Dec 31, 2020 | 19:12 IST The output of eight core industrial sectors declined by 2.6% in November 2020 as compared to an increase of 0.7% in the same period last year, according to provisional DPIIT data released on Thursday India Core sector output 2020 I File photo  |  Photo Credit: PTI New Delhi: The production in eight core industrial sectors of the economy continued to contract for nine consecutive months into November this year. It declined by 2.6% year-on-year (YoY) in November on account of a drop in natural gas, refinery products, steel and cement, according to a statement by Ministry of Commerce & Industry on Thursday.        The output of these eight sectors cumulatively grew by 0.7% in the same period last year, according to provisional data released by the Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday. 

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