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The efficiency of eight core sectors in February 2022 improved to five.8% from 4% within the earlier month supported by a unfavorable base of final 12 months (down 3.3% in February 2021). Nevertheless, on a sequential foundation, output of eight core sectors fell by 5.3%, with a broad-based contraction witnessed throughout all sectors in contrast with the output within the earlier month.
This sequential deacceleration in core sector efficiency could be attributed to the third wave of Covid-19 led disruptions and surging commodity costs which adversely impacted financial actions.
To this point in FY22, the general index of eight core sectors was 11% greater than that within the corresponding interval of FY21. This double-digit progress could be attributed to the unfavorable base of final 12 months.
Alternatively, a comparability with FY20 numbers means that core output expanded barely by 2% in contrast with the pre-pandemic stage output.
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