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Core sector output slows to seven-month low of 0.5% in May
Image source: economictimes.indiatimes.com

GK and monthly revision

Core sector output slows to seven-month low of 0.5% in May

In May 2023, India's core sector growth decelerated to a seven-month low of 0.5%, primarily due to a significant decline in energy-related industries, including a 42-month low contraction in petroleum products. Coal output also experienced a downturn, although electricity generation saw robust growth due to high temperatures and renewable energy contributions. This slowdown in core sector output is significant as it reflects underlying economic challenges and could impact future policy decisions.

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