Excluding fertilisers, all other seven sectors -- coal, crude oil, natural gas, refinery products, steel, cement, and electricity - recorded negative growth in May
In March, the output of the eight core sectors had contracted 6.5 percent.
Coal production fell steeply by 17.6 per cent, crude oil by 5.1 per cent, and natural gas by 5.7 per cent.
On a year-on-year basis, the FY19 core industries growth remained unchanged at 4.3 percent.
The growth of eight core sectors slowed to 0.4 percent in June due to contraction in output of coal, refinery products, fertiliser and cement
The core sector data for March is out. India's eight core industries grew by 5 percent in March - that's against a 1 percent growth rate in February, reports CNBC-TV18's Latha Venkatesh.
CPI as of March was at 6-month low and eased for the second consecutive month. This month, however, economists expect some hardening due to month-on-month (MoM) rise in food inflation
Samiran Chakraborty MD & Hd-South Asia Macro Research, Standard Chartered Bank explains the correlation between Core sector data, export growth data and IIP.
According to Sanger, there is surplus liquidity in the world and scarcity of growth and India is the only bright spot. Its GDP is expected to move from 5 percent to 6.5 percent in the next few years. He says the outlook for India has improved in past few months.
Madan Sabnavis, Chief Economist, CARE Ratings is not expecting a turnaround in the fourth quarter â€“ there isn't much pickup in consumption, investment or even government expenditure. He says going by the revised fiscal data released by the government on Friday, it does not have much room to increase expenditure either.