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CareEdge Research Report
The performance of eight core sectors in February 2022 improved to 5.8% from 4% in the previous month supported by a negative base of last year (down 3.3% in February 2021). However, on a sequential basis, output of eight core sectors fell by 5.3%, with a broad-based contraction witnessed across all sectors compared with the output in the previous month.
This sequential deacceleration in core sector performance can be attributed to the third wave of Covid-19 led disruptions and surging commodity prices which adversely impacted economic activities.
So far in FY22, the overall index of eight core sectors was 11% higher than that in the corresponding period of FY21. This double-digit growth can be attributed to the negative base of last year.
On the other hand, a comparison with FY20 numbers suggests that core output expanded slightly by 2% compared with the pre-pandemic level output.
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