New Delhi: Production of eight basic industries declined by 9.6 percent in the month of July. This is the fifth consecutive month while production of basic industries has declined. Production of basic industries has declined mainly due to poor performance of steel, refinery products and cement sector. In July 2019, production of eight basic industries grew by 2.6 percent.
According to the data released on Monday by the Ministry of Commerce and Industry, in July, there has been a decline in the production of seven other sectors – coal, crude oil, natural gas, refinery products, steel, cement and power sector, except fertilizer.
Steel production in the month under review has come down by 16.5 per cent, 13.9 per cent of refinery products, 13.5 per cent of cement, 10.2 per cent of natural gas, 5.7 per cent of coal, 4.9 per cent of crude oil and 2.3 per cent of electricity. On the other hand, fertilizer production increased by 6.9 percent in July. Fertilizer production increased by 1.5 percent in July 2019.
During April-July 2020-21, the production of the sector has fallen by 20.5 per cent. Which was up 3.2 percent in the same period last year.
