India core sector output grows five percent in June

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India's core sector output grew 5% in June 2026, the fastest pace in five months, according to new data from the ministry of industry and commerce.
The figure is the first under a revised index series with a 2022-23 base year and nine industries instead of eight, with iron ore newly added.
Growth was driven by iron ore, cement, and electricity, while fertilizer, refinery products, natural gas, and crude oil continued to contract.
The report notes ongoing supply-side vulnerabilities linked to the West Asia conflict, especially for fertilizer inputs like imported LNG.

Whether fertilizer production, still contracting year-on-year, fully recovers from the war-related shock
Whether the easing refinery products contraction is linked to crude oil imports from West Asia
The impact of Iran and the US ending the ceasefire memorandum on critical input supplies

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