LOW BASE EFFECT! India's eight core industries' June production up around 9%
The Index of Eight Core Industries' (ICI) reading for last month showed an expansion of 8.9 per cent from a decline of 12.4 per cent in output during the same month of the last year.
Low base effect, along with easing of Covid 2.0 restrictions, boosted output of India's eight major industries during June 2021.