EconomyFriday, 3 July 2026·The Hindu - Economy
India core sector growth slows to 0.5% in May 2026; five of eight industries contract
India’s eight core industries grew only 0.5% in May 2026, with five sectors contracting and refinery products, coal, crude oil and natural gas showing sharp declines.
Key highlights
Direct fact
In May 2026, India’s Index of Eight Core Industries grew by only 0.5%, according to data released by the Ministry of Commerce and Industry on 22 June 2026, making it the second-lowest reading in 21 months.
Key specifics
- The data was released on 22 June 2026 by the Ministry of Commerce and Industry.
- Five out of eight core sectors contracted in May 2026.
- October 2025 was the only month in 21 months with a lower reading, at -0.1%.
- Crude oil contracted by 4.6% and natural gas by 4.9% in May 2026.
- Refinery products fell by 8.7%, while coal contracted by 9.3%.
Exam lens
Question type: economy index and sectoral growth MCQ; key facts: 0.5% core sector growth, 22 June 2026 release, October 2025 at -0.1%, crude oil -4.6%, natural gas -4.9%, refinery products -8.7%, coal -9.3%. TNPSC may ask which sectors contracted and the worst-performing sector.