Covid squeezes core sector in April, output slumps 38%

Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production due to the nationwide lockdown. The numbers indicated that overall industrial production is headed for a high double-digit decline as the Covid-19-induced lockdown has taken a toll on economic activity.

from Times of India https://ift.tt/2XflM7Z