Decline in production of eight basic industries continued in September. Production declined 0.8 per cent year-on-year. But this is the lowest decline since March. According to data released on Thursday by the Ministry of Commerce and Industry, production of basic industries declined in September mainly due to poor performance of crude oil, natural gas, refinery products and cement sectors.
According to the data, economic activity has been affected in this era affected by corona virus and lockdown. Production of coal, power and steel industry increased in September. In contrast, production of crude oil, natural gas, refinery products, fertilizer and cement all sectors came down. During the first half of April-September of the current financial year, the production of eight basic industries decreased by 14.9 percent compared to the same period last year. In the first half of the last financial year, production of eight basic industries grew by 1.3 per cent.
