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India's industrial sector UPSC NOTE

 

  • Output data for May from the eight core infrastructure sectors show broad industrial activity slowed

  • Only coal, to fuel the power plants, and electricity generation posted double-digit output growth, expanding by 10.2% and 12.8%, respectively

  • Production in crude oil, fertilizers and cement shrank from their year-earlier levels, while output expansions decelerated in the remaining three sectors of natural gas, refinery products and steel

  • The heatwave’s impact on economic activity in May was particularly prominent in India’s northern parts

  • Demand for cement and steel weakened as construction activity was understandably curbed by the temperatures

  • The year-on-year contraction in fertilizers for a fifth straight month in May is a cause for concern as it signals persisting weakness in the rural hinterland’s mainstay agriculture sector


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: India's industrial sector UPSC NOTE
India's industrial sector UPSC NOTE
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Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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