{"id":20838,"date":"2024-07-02T21:24:07","date_gmt":"2024-07-02T15:54:07","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=20838"},"modified":"2024-07-03T09:05:07","modified_gmt":"2024-07-03T03:35:07","slug":"core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/","title":{"rendered":"Core Sector Growth Slows to 6.3% in May 2024: Economic Implications and Analysis"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Core_Sector_Growth_Slows_to_63_in_May_2024\" >Core Sector Growth Slows to 6.3% in May 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Why_This_News_is_Important\" >Why This News is Important<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Key_Takeaways_from_Core_Sector_Growth_Slows_to_63_in_May_2024\" >Key Takeaways from Core Sector Growth Slows to 6.3% in May 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#1_What_are_the_core_sectors_in_India\" >1. What are the core sectors in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#2_Why_is_the_growth_of_the_core_sectors_significant\" >2. Why is the growth of the core sectors significant?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#3_What_caused_the_slowdown_in_core_sector_growth_in_May_2024\" >3. What caused the slowdown in core sector growth in May 2024?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#4_How_does_the_performance_of_the_core_sectors_affect_the_economy\" >4. How does the performance of the core sectors affect the economy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#5_How_can_knowledge_of_core_sector_performance_help_in_competitive_exams\" >5. How can knowledge of core sector performance help in competitive exams?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/core-sector-growth-core-sector-growth-in-india-slowed-to-6-3-in-may-2024-reflecting-mixed-performance-across-key-industries\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Core_Sector_Growth_Slows_to_63_in_May_2024\"><\/span>Core Sector Growth Slows to 6.3% in May 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The growth of India&#8217;s core sector, comprising eight crucial industries, decelerated to 6.3% in May 2024 from a robust 8% in April 2024. This slowdown reflects mixed performance across the sectors and raises concerns about the economic momentum. The core sectors, which include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity, are pivotal to the overall industrial performance in the country.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Coal Sector Performance<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The coal sector witnessed a substantial deceleration, growing at only 5.7% in May compared to 12.3% in April. The dip in coal production can be attributed to operational challenges and adverse weather conditions that hampered mining activities. Despite the slowdown, the coal sector remains a critical contributor to India&#8217;s energy security and industrial output.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Crude Oil and Natural Gas<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crude oil production continued its downward trend, contracting by 2.5% in May 2024. This decline underscores the ongoing challenges in the upstream oil sector, including aging fields and limited new discoveries. In contrast, natural gas production showed resilience, growing by 4.2% in May, supported by enhanced output from domestic fields and new project implementations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Refinery Products and Fertilizers<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The refinery products sector grew by 3.5% in May 2024, a decrease from the 5.6% growth observed in April. The slower growth rate is linked to fluctuating global crude oil prices and maintenance shutdowns in major refineries. The fertilizers sector, however, demonstrated robust performance with a 9.1% growth rate, driven by strong demand in the agricultural sector and government incentives for higher production.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Steel, Cement, and Electricity<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Steel production rose by 6.4% in May 2024, continuing its positive trajectory due to increased demand from construction and manufacturing sectors. The cement sector also saw an uptick, growing by 8.3%, fueled by the government&#8217;s infrastructure development projects. Electricity generation maintained a steady growth of 5.9%, supported by rising industrial and residential demand.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"core-sector-growth-May-2024\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/07\/core-sector-growth-May-2024.jpg\" alt=\"core sector growth May 2024\n\" class=\"wp-image-20841\" width=\"673\" height=\"378\" title=\"core sector growth May 2024\"\/><figcaption class=\"wp-element-caption\">core sector growth May 2024<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span>Why This News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Economic Indicators<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The performance of the core sectors is a critical indicator of the overall health of the economy. The slowdown in growth to 6.3% in May 2024, compared to 8% in April, signals potential challenges ahead. Monitoring these trends helps policymakers and economists assess economic momentum and plan accordingly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Industrial Output and GDP<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Core sectors significantly contribute to the industrial output, which in turn affects the GDP growth rate. A slowdown in these sectors can lead to a ripple effect across various industries, impacting employment, investment, and overall economic activity. Hence, this news is crucial for understanding future economic prospects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Policy Formulation<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The data on core sector performance aids in policy formulation. Government interventions, such as subsidies, incentives, and regulatory adjustments, can be tailored to address specific challenges in underperforming sectors. This ensures balanced and sustained growth across all core industries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investment Decisions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors closely monitor core sector growth to make informed decisions. A slowdown can influence market sentiments, affecting stock prices of companies within these sectors. Understanding the nuances of core sector performance is vital for making strategic investment choices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Preparation for Competitive Exams<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For students preparing for government exams, staying updated with core sector performance is essential. It provides a comprehensive understanding of economic trends and policies, which are often integral parts of competitive exam syllabi. Knowledge of current affairs helps in answering questions related to economic development and industrial growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Core Sector Growth Trends<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Historically, the growth rate of India&#8217;s core sectors has shown fluctuations based on various economic and policy factors. In the early 2010s, the core sector growth was robust due to a booming economy and significant infrastructure investments. However, post-2015, growth rates have seen periodic slowdowns due to global economic conditions, policy changes, and sector-specific challenges.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Impact of Global Factors<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Global factors such as oil price fluctuations, trade policies, and international demand for commodities have historically impacted India&#8217;s core sectors. For instance, the oil price crash in 2014 significantly affected the crude oil sector, while global economic slowdowns have periodically impacted steel and cement demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Government Initiatives<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian government has launched several initiatives to boost core sector growth, such as the Make in India campaign, which aims to enhance manufacturing capabilities. Policies aimed at improving coal production, expanding renewable energy, and boosting infrastructure have also played a role in shaping core sector performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Technological Advancements<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Technological advancements in mining, refining, and production processes have contributed to efficiency gains in core sectors. Innovations such as digitalization, automation, and sustainable practices are transforming the way core industries operate, leading to better output and reduced environmental impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_Core_Sector_Growth_Slows_to_63_in_May_2024\"><\/span>Key Takeaways from Core Sector Growth Slows to 6.3% in May 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>Core sector growth slowed to 6.3% in May 2024 from 8% in April 2024.<\/td><\/tr><tr><td>2<\/td><td>Coal sector growth decelerated to 5.7% due to operational challenges and adverse weather conditions.<\/td><\/tr><tr><td>3<\/td><td>Crude oil production continued to decline by 2.5%, while natural gas production grew by 4.2%.<\/td><\/tr><tr><td>4<\/td><td>Refinery products growth slowed to 3.5%, whereas the fertilizers sector grew robustly at 9.1%.<\/td><\/tr><tr><td>5<\/td><td>Steel and cement sectors showed positive growth, with steel at 6.4% and cement at 8.3%, driven by increased demand and infrastructure projects.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">core sector growth May 2024<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_are_the_core_sectors_in_India\"><\/span><strong>1. What are the core sectors in India?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The core sectors in India comprise eight industries: coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_is_the_growth_of_the_core_sectors_significant\"><\/span><strong>2. Why is the growth of the core sectors significant?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The growth of the core sectors is significant because they are crucial for industrial performance and economic health. They contribute substantially to the industrial output and GDP of the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_caused_the_slowdown_in_core_sector_growth_in_May_2024\"><\/span><strong>3. What caused the slowdown in core sector growth in May 2024?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The slowdown in core sector growth in May 2024 can be attributed to a combination of factors, including operational challenges, adverse weather conditions, fluctuating global crude oil prices, and maintenance shutdowns in major refineries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_How_does_the_performance_of_the_core_sectors_affect_the_economy\"><\/span><strong>4. How does the performance of the core sectors affect the economy?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The performance of the core sectors affects the economy by influencing industrial output, employment, investment, and overall economic activity. A slowdown in these sectors can lead to a ripple effect across various industries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_How_can_knowledge_of_core_sector_performance_help_in_competitive_exams\"><\/span><strong>5. How can knowledge of core sector performance help in competitive exams?<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Knowledge of core sector performance helps in competitive exams by providing a comprehensive understanding of economic trends and policies. This is often integral to competitive exam syllabi, particularly in questions related to economic development and industrial growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div 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href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Core Sector Growth Slows to 6.3% in May 2024 The growth of India&#8217;s core sector, comprising eight crucial industries, decelerated to 6.3% in May 2024 from a robust 8% in April 2024. This slowdown reflects mixed performance across the sectors and raises concerns about the economic momentum. The core sectors, which include coal, crude oil,&#8230;<\/p>\n","protected":false},"author":6,"featured_media":20842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,144],"tags":[12940,8186,3136,2369,2807],"class_list":["post-20838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-economy_finance","tag-core-industries","tag-core-sector-growth","tag-economic-news","tag-indias-economy","tag-industrial-output"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/20838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=20838"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/20838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/20842"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=20838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=20838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=20838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}