Core sector growth eases to 5.4% in July from 6% in June; iron ore, cement drive expansion
Core sector growth in India eased to 5.4% in July from 6% in June, driven by iron ore, cement, and electricity, which grew 29.5%, 13.1%, and 9%, respectively. Despite positive trends, production of natural gas, crude oil, and fertilizers contracted. The core sector, accounting for 40.27% of the Index of Industrial Production, remains a key economic indicator.