Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jun 28, 2024

Eight Core Industries Grew By 6.3% In May

Eight Core Industries Grew By 6.3% In May
Factory smoke. (Photo: Ella Ivanescu/Unsplash)

India's eight core infrastructure industries rose in May, driven by the growth in five industries.

The index of eight core industries gained 6.3% in May on an annual basis, as compared with a revised growth figure of 6.7% in April, according to data released by the government on Friday.

While coal, electricity, natural gas, petroleum refinery products and steel output saw an uptick, production declined in crude oil, cement and fertilisers.

Break-Up Across Eight Core Sectors In May (YoY)

  • Coal output rose 10.2% versus 7.5% in April.

  • Crude oil output declined 1.1% as against 1.6% growth in April.

  • Natural gas output increased 7.5% versus 8.6% in April.

  • Petroleum refinery products rose 0.5% as against a fall of 3.9% in April.

  • Fertiliser production declined 1.7% versus a decline of 0.8% in April.

  • Steel output rose 7.6% versus 8.8% in April.

  • Cement output declined 0.8% versus a 0.5% drop in April.

  • Electricity output rose 12.8% as compared with 10.2% in April.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search