Fiscal deficit in April-May narrows to 3% of FY25 target
Combined core industries index up 6.3% in May 2024 as production of electricity, coal, steel, natural gas and refinery products recorded positive growth
Combined core industries index up 6.3% in May 2024 as production of electricity, coal, steel, natural gas and refinery products recorded positive growth
Steel and electricity generation dipped 8.4% and 6.3%, respectively, in Feb 2024 vs 12.4% and 8.2% in Feb 2023
The combined index of eight core industries was dragged down by a contraction in the output of crude oil, natural gas, refinery products, and cement.
The growth in the index of eight core industries can be attributed to the higher production of cement, coal, fertilisers and electricity during May 2022 over the corresponding period of last year.