Overview
- India’s eight core industries grew 1.7% year over year in April after a revised 1.2% rise in March, according to provisional data from the Commerce Ministry.
- Cement led the gains with 9.4% growth, while steel rose 6.2% and electricity increased 4.1%, pointing to firm construction demand.
- Coal output fell 8.7% in April, fertilisers dropped 8.6%, natural gas declined 4.3%, crude oil slid 3.9% and refinery products eased 0.5%.
- For the 2025–26 financial year, core-sector output grew 2.7%, with steel up 9.5%, cement up 8.7% and electricity up 1%.
- The eight-core basket’s large weight in the industrial index means April’s split shows strength in building materials but weakness in energy and fuels.