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Jun 20, 2025
India's core infrastructure sectors expand by 0.7%
India's eight key industries—like coal, steel, cement, and electricity—grew just 0.7% in May, a slight dip from April's 1%.
These sectors make up over 40% of India's industrial output, so when they slow down, it signals that the country's overall industrial growth is hitting a few bumps.
TL;DR
Manufacturing activity also cooled off in May
It wasn't just the core sectors; manufacturing activity cooled off too.
The HSBC India Manufacturing PMI slipped to 57.6 in May (from 58.2 in April), but it still stayed above the "expansion" mark of 50.
All this points to some real challenges for Indian industry as it tries to keep up momentum with shifting demand and supply.