How the price of a two-and-a-half-month lockdown is hurting the economy is becoming clear in various statistics every day. Production in the country’s eight major infrastructure sectors fell sharply to 7.5% in August from a year earlier, according to the Center on Wednesday. With this, the country saw a contraction in infrastructure for six consecutive months. Which is not so unexpected. But the speed of that contraction is frightening. This is because, from July to August, production has declined rather than increased slightly. Due to which such fears are also being raised about the situation of industrial production. Because, the importance of these eight sectors in the index of industrial production is 40.27%.
The infrastructure sector contracted by 36.9% in April after the country’s economy plummeted. After that it remained on the verge of contraction until July, but its rate was also slowing down. But in August, the infrastructure industry did not improve a bit, but the contraction rate increased slightly. It is unknown at this time what he will do after leaving the post. The overall contraction rate in April-August was 16.7%.
Union ministers and bureaucrats have been seeing signs of a slowdown in the economy since the lockdown. However, a large number of economists, starting from various assessment agencies, are saying the opposite. He said that if the spending power does not return, his reaction will be seen in all cases. If demand does not increase, not only products or services, but also the level of raw materials will be adversely affected. Which is reflected in various government statistics. Infrastructure is no exception.