India’s core sector growth rises to 4.4 per cent in May

Growth in India’s eight core sectors, including the cement industry, increased to 4.4 per cent in May 2015 versus a decline of 0.4 per cent in April. There growth level achieved in May is a six-month high.

Cement output grew 2.6 per cent against a fall of 2.4 per cent in April, according to the data released by the Commerce and Industry Ministry. Growth was also seen in six other sectors: coal production (+7.8 per cent), crude oil (0.8 per cent), petrol refinery products production (7.9 per cent), fertiliser production (1.3 per cent), steel (2.6 per cent) and electricity generation (5.5 per cent). Natural gas production declined 3.1 per cent versus a fall of 3.6 per cent in April.