During the month of nationwide lockdown, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively India’s eight infrastructure sectors contracted by a record 38.1% in April as the economy came to a halt due to the nationwide lockdown imposed to contain the spread of the covid-19 pandemic.
During the month, cement and steel output shrank 86% and 83.9% respectively, while electricity and coal output fell 22.8% and 15.5% respectively.
India’s April PMI had fell to a record low of 27.4 while merchandise exports contracted by 60% during the same month. Although the government has eased restrictions in the current phase of lockdown which is scheduled to end on 31 May, and