Infrastructure Output in February 2021: The output of eight core infrastructure sectors declined 4.6 per cent, in comparison with final 12 months, in line with authorities information on Wednesday, March 31. The infrastructure output, which contains eight core sectors together with coal, crude oil, and electrical energy, registered a de-growth of 8.3 per cent throughout April-January 2020-2021. According to provisional information launched by the Ministry of Commerce and Industry, the mixed index of the eight core industries stood at 127.8 in February 2021. The eight core industries additionally represent 40.27 per cent of the Index of Industrial Production (IIP). (Also Read: Infrastructure Output Of Core Sectors Up 0.1% In January 2021 )
The decline in February 2021 was led by a pointy contraction within the refinery merchandise adopted by a decline in cement and coal manufacturing. Coal, refinery merchandise, crude oil, pure fuel, fertilisers, metal, cement, and electrical energy sectors recorded unfavourable development of 4.4 per cent, 3.2 per cent, 1 per cent, 10.9 per cent, 3.7 per cent, 1.8 per cent, 5.5 per cent, and 0.2 per cent, respectively in February 2021.
The cumulative index of the core sectors recorded a de-growth of 8.3 per cent within the 11 months via February 2021, in comparison with a development of 1.3 per cent registered within the year-ago interval. The impression of the COVID-19 pandemic on the economic sector has mirrored within the output of core sectors.
In January 2021, the economic manufacturing contracted by 1.6 per cent, after registering a development of 1 per cent in December 2020. According to the IIP information launched by the Ministry of Statistics and Programme Implementation on March 12, 2021, the indices for the mining, manufacturing, and electrical energy sectors in January 2021 stand at 119.7, 135.1, and 164.2 respectively. (Also Read: Industrial Production Contracts 1.6% In January: All You Need To Know )