Core Sector Contracts 4.6% In February; Highest In Six Months: CARE Ratings 
Water is sprayed on red hot steel slabs at a steel factory in India. (Photographer: Dhiraj Singh/Bloomberg)

Core Sector Contracts 4.6% In February; Highest In Six Months: CARE Ratings 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

The eight core sector output fell sharply by 4.6% in February 2021 compared with a high base of 6.4% in the corresponding month last year.

After five consecutive months of weak production in the core sector, there has been a notable fall in February 2021 with a broad-based decline across all eight components of the core sector.

The decline in February has been led by sharp contraction in the refinery products followed by a decline in cement and coal production.

There has been a marginal upward revision in the January 2021 provisional estimate to 0.9% (0.2% was the previous estimate for January 2021).

Click on the attachment to read the full report:

CARE Ratings Core Sector February_2021.pdf

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