India’s Core Sector Growth Stumbles to Nine-Month Low in May
India’s core sector growth, a key indicator of industrial performance, decelerated sharply to a nine-month low of 0.7% in May. This concerning slowdown comes as four crucial sectors – crude oil, natural gas, fertilizers, and electricity – experienced contractions.
Key Sectors Drag Down Overall Growth
The decline in these four sectors significantly impacted the overall index of eight core industries. This slowdown raises questions about the robustness of India’s economic recovery and could influence future policy decisions.
Impact of Declining Oil, Gas, Fertilizers, and Electricity
The contraction in crude oil, natural gas, fertilizer, and electricity production points to potential challenges in these vital areas. Further analysis is needed to understand the specific factors driving these declines and their potential ripple effects on related industries.