Production Of Eight Basic Sectors Increased By 16.8 Percent

Production of eight basic sectors increased by 16.8 percent in May, know full details: Core Sector Output.

The production of eight core sectors registered a growth of 16.8 percent in May 2021. In May last year, the output of eight core sectors (8 core sectors) registered a contraction of 21.4 percent.

These figures were released by the government on Wednesday.

These eight core sectors include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity. Eight core sectors account for 40.27 percent in IIP.

According to government data, coal, natural gas, refinery products, steel, cement, and electricity saw growth in May 2021 as compared to May 2020.

According to the data of core sector output, crude oil production declined by 6.3 percent, fertilizers production declined by 9.6 percent in the month under review.

The core sector registered a growth of 35.8 percent during April-May in the current financial year.

The eight-core sectors recorded a contraction of 29.4 percent in the same quarter of the previous financial year.

According to analysts, this significant increase was seen in the production of eight core sectors due to the low base effect.

Equity investors’ assets increased by Rs 25.46 lakh crore during the first quarter of the current financial year

The second wave of Corona may have harmed the business world, it has not shown any negative effect on the domestic stock markets.

The earnings of equity investors have increased by Rs 25,46,954.71 crore during the period from 1st April to 30th June this year i.e. the first quarter of the current financial year.

By the end of the first quarter, the BSE 30-share major index has gained 2,973.56 points or about six percent.

This achievement of the domestic stock markets during the first quarter of the current financial year assumes more significance as a large part of this quarter has been spent in the shadow of lockdown.

In the same quarter, the market capitalization of BSE-listed companies touched an all-time high of Rs 2,31,58,316.92 crore on June 15.

At the same time, in this period, on May 24, the market capitalization of companies listed on BSE crossed $ 3 trillion, or about Rs 220 lakh crore, for the first time.

Not only this, the BSE Sensex closed at an all-time high of 52,925.04 on June 25 and reached an intra-day high of 53,126.73 on June 28.