Industrial production in India across eight core sectors accelerated to 6.3 per cent in May 2024, compared with 5.2 per cent a year ago, according to the latest government data. The growth was recorded on the back of healthy expansion in the production of coal, natural gas, and electricity.
Eight core sectors include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity.
The production of the eight sectors grew 6.7 per cent in April. The growth of these core sectors was 5.2 per cent in May 2023.
According to the official data, fertiliser, crude oil, and cement output recorded negative growth in May.
During April-May this fiscal, the output of these sectors was up 6.5 per cent against 4.9 per cent in the same period last fiscal. The eight core sectors contribute 40.27 per cent to the country’s Index of Industrial Production (IIP).
