Core sector growth slows to 0.5% in May as coal, refinery output contract
The Index of Eight Core Industries (ICI), which tracks coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, grew 0.5% in May on a year-on-year basis. The eight sectors account for 40.27% of the weight of the Index of Industrial Production (IIP). India’s infrastructure sector growth slowed to 0.5% in May from…