While automobile sales took a plunge, electricity demand has fallen sharply: RBI Governor

While dressing media over COVID-19 crisis, RBI Goverr Shaktikanta Das anunced that industrial index for month of February revealed that industrial production grew at  fastest pace in seven months. He ded that re was reason to get misled by IIP data since impact of virus comes reafter. 

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" revival in electricity generation, an indicator of demand that h commenced from January 2020 has been halted by a sharp fall in Delhi demand in range of 25-30% after lockdown anuncement on March 25," revealed RBI Goverr. 

He also spoke about fall in automobile sales and production revealing that supply disruptions were also affecting manufacturing sector. "Automobile production and sales declined sharply in March as recently released data indicates. manufacturing sector index for PMI for March 20202, released on April 2 was lowest in last 4 months, and supply disruptions were also indicated," said RBI Goverr. 

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