Industrial production declines 16.7% in March amid Covid-19 pandemic

The country’s industrial output declined by 16.seven for every cent in March, primarily on account of bad demonstrate by mining, production and energy sector owing to the nationwide lockdown, governing administration details confirmed on Tuesday.

The governing administration had imposed lockdown to comprise Covid-19 from March twenty five, 2020. The Index of Industrial Output (IIP) had developed by 2.seven for every cent in March, 2019.

In accordance to National Statistical Business office (NSO) details, production sector output fell by 20.6 for every cent in contrast to a progress of 3.one for every cent in the same month a 12 months back.

Electrical energy era declined by 6.8 for every cent as versus a progress of 2.2 for every cent in March 2019.

Mining sector output remained flat in contrast to a progress of .8 for every cent earlier. The IIP in the past fiscal contracted by .seven for every cent from 3.8 for every cent growth in the 2018-19.