Output of eight crore infrasture industries shrinks by 23.4% in May

The output of eight core infrastructure industries shrank by 23.4 per cent in May due to the coronavirus-induced lockdown.   According to the Commerce and Industry Ministry data releases today, barring fertiliser, all seven sectors - coal, crude oil, natural gas, refinery products, steel, cement, and electricity - had recorded negative growth in May. During April-May 2020-21, the sectors output dipped by 30 per cent as compared to 4.5 per cent in the same period previous year. The eight core sec...