Aided by a strong show by steel, the eight core industries’ output grew 5.1 per cent in May. This was higher than the 4.1 per cent growth recorded in May 2018, but lower than the 6.3 per cent seen in April 2019.
For April-May 2019, the output of the eight core industries: steel, coal, crude oil, natural gas, refinery products, fertilisers, cement and electricity, grew 5.7 per cent.
This May, the steel and electricity sectors showed strong growth at 19.9 per cent and 7.2 per cent respectively. The base effect has clearly helped in the case of steel.