India’s core sector grew by 6.3 per cent in May, this year as compared to the same period last year. According to the data released by the ministry of commerce and industry today, production of Electricity, Coal, Steel, Natural Gas and Refinery Products recorded positive growth in May 2024. However the growth of the eight core sectors mildly slowed down on a Month-on-Month basis, as the April this year growth was at 6.7 per cent.
In May this year, Coal production increased by 10.2 per cent, Electricity generation increased by 12.8 per cent, Natural Gas production surges by 7.5 per cent, Petroleum Refinery production exhibited a marginal uptick by 0.5 per cent over May, 2023. On the other hand, in the reported period, Cement production slipped by 0.8 per cent, Crude Oil production declined by 1.1 per cent and Fertilizer production was down by 1.7 per cent.
Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).
