India’s Eight Core Industries Rose By Over Four Percent In May

India’s Eight Core Industries Rose By Over Four Percent In May

NEW DELHI, Jul 1 (NNN-PTI) – The combined index of India’s eight core industries, including coal, crude oil, natural gas and petroleum, increased 4.3 percent in May, as compared to the same month last year, the federal Ministry of Commerce and Industry said, yesterday.

The production of cement, fertilisers, steel, coal, and refinery products increased in May over the corresponding month of last year, while the others declined, it added.

The eight core industries comprise nearly 40.27 percent of the weight of items included in the Index of Industrial Production.

Coal production rose 7.2 percent, petroleum refinery production 2.8 percent, fertilisers production 9.7 percent, steel production 9.2 percent, and cement production 15.5 percent, said the ministry in a statement.

It further said that, crude oil production declined 1.9 percent, natural gas production 0.3 percent, and electricity generation 0.3 percent.– NNN-PTI  

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