Once again, the low-base effect has come into play. The Index of Core Industries (ICI) grew by 11.6 per cent in August 2021, the sixth straight month of above-average growth, thanks to the abnormally low growth rates in Read more
The index of core sector production, comprising eight critical sectors, showed a year-on-year growth of 21.2 per cent during the April-July period of FY22. This was largely due to a “low-base” effect. According to the latest statistics released by Read more
In view of the nationwide lockdown in May 2020, the eight core industries suffered a decline of 23.4 per cent in May 2020. However, this was still better than the 37 per cent fall seen in April 2020. Read more