Core sector output shrank further

Core sector output shrank further

Part of: GS Prelims and Mains II – Economics – Growth and Development 

Context: 

• The output of eight core sector industries shrank further. 
• Economists expect the negative trend to continue for at least two more months. 
• During April-­June 2020­21, the sector’s output dipped by 24.6% as compared to a positive growth of 3.4% in the same period previous year.  

Do you know? 

• Of the eight core sectors, the fertilizer industry was the only one which saw actual growth. 
• It reflects the positive outlook in the agriculture sector where a normal monsoon is leading to expectations of a bumper kharif crop. 
• The remaining industries showed contraction, with the steel sector continuing to remain the worst performer. 

Pic: The Hindu