Core industries' output falls 15.1% m-o-m in April - The Hindu BusinessLine
However, the expansion year-on-year stood at 56% on low base effect On expected lines, the low base effect of April 2020 — when the entire country was in lockdown — played a crucial role in the eight core industries’ output recording a 56 per cent jump year-on-year in April 2021. The right way to assess their performance — even according to the government — is to look at it sequentially; the eight core industries recorded a 15.1 per cent contraction in April 2021 compared to March 2021. This is a clear pointer to how the second Covid-19 wave had impacted industrial performance. In ...
Source: thehindubusinessline.com