India’s eight core infrastructure industries saw a 0.5% growth in May compared to the previous year. Notably, sectors like cement, steel, and electricity experienced positive growth during this period. Steel production surged by 5%, while the cement sector showed a robust 8.4% growth, driven by substantial government investments in infrastructure projects.
The electricity generation sector also performed well, with an 8.7% increase in May year-on-year. However, coal production witnessed a 9.3% decline, and crude oil output dropped by 4.6% during the same period. Natural gas production fell by 4.9%, and refinery products output decreased by 8.7% in May.
Fertiliser production dipped by 0.9% in May due to a shortage of raw materials caused by the West Asia conflict. The Index of Eight Core Industries (ICI) tracks the performance of key sectors like coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. These industries hold significant weight in the Index of Industrial Production (IIP) and serve as a crucial indicator of India’s industrial growth.
