There was a decline in production of basic industries in February 2020-21. According to data released by the Ministry of Commerce and Industry of the Government of India on March 31, the output of the eight major industries declined by 4.6 per cent. These products were up 6.4 per cent in February 2019.
According to figures released by the government on Wednesday, coal fell 4.4 per cent, crude oil 3.2 per cent, natural gas 1 per cent, refinery products 10.9 per cent, fertilizer 3.7 per cent, cement 5.5 per cent, steel 1.8 per cent and electricity 0.2 per cent.
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All eight major industries were narrowed in February 2021. pic.twitter.com/dXuXcKQry7
– Bloomberg Quint (lo Bloomberg Quint) March 31, 2021
According to the Ministry of Commerce and Industry, the growth rate of the eight key sectors declined by 8.3% from April to February 2020-21. Lockdown and the corona virus are believed to be the major contributors to the crash. This has directly affected these areas.
