Core sector output slows to seven-month low of 0.5% in May

India's core sector growth hit a seven-month low of 0.5% in May, primarily due to a significant slump in energy-related industries. Petroleum products saw their sharpest contraction in 42 months, while coal output also declined. However, robust growth in electricity generation, driven by high temperatures and renewable energy, prevented a steeper fall. Cement and steel sectors showed steady expansion, supported by infrastructure development.