Subject: Economy Context: According to data released by the Commerce and Industry Ministry, ‘fertiliser’ was the only core sector industry to record an increase in July at 6.9 per cent (1.5 per cent in July 2019). Concept: All the other segments reported a contraction in July — steel (-16.4 per cent), refinery products (-13.9 per […]

Subject: Economy Context: The output of eight core sector industries shrank for the fourth straight month in June 2020 but contraction eased to 15% from 22% fall in May Concept: Core industry can be defined as the main industry which has a multiplier effect on the economy. In most countries, there is particular industry that seems to […]