India's Core Sector Growth Accelerates to Two-Month Peak
India's core sector output expanded to 1.7% in April, marking the strongest growth in two months and signaling renewed momentum in the economy's industrial foundation. The acceleration was primarily driven by robust performance in steel and cement production, alongside gains in the electricity sector, which together demonstrated resilience in key infrastructure-related industries.
Steel production surged as construction activity picked up and demand from manufacturing sectors increased. Cement output also showed strength, reflecting ongoing infrastructure projects and real estate development across the country. The electricity generation sector contributed positively, supported by improved coal availability and increased power consumption from industrial users resuming operations at higher capacity.
