The output of India’s core infrastructure industries contracted 5.2 percent YoY in September compared to a revised 0.1 percent growth in August 2019, reflecting weakness in industrial production and domestic demand. The index of core industries that includes eight industries was largely dragged down by coal and petroleum refinery products.
(15 October 2019), India’s infrastructure sector, which comprises core eight industries, contracted 0.5 percent Y-o-Y in August 2019 compared to growth of 4.7 percent in August 2018. The contraction was mainly due to the decline in the five industries: Coal (8.6 percent), crude oil (5.4 percent), natural gas (3.9 percent), cement (4.9 percent), and electricity (2.9 percent). However, refinery products, fertiliser and steel production grew 2.6 percent, 2.9 percent and 5 percent respectively. This was the first contraction since April 2015, reflecting weakness in the economy. However, government of India and RBI have taken some measures such as cut in corporate tax rate and policy rate to spur investments and revive the economy. These measures will help to revive these core sectors in the coming months.
It is unbelievable that Agriculture Electricity Price Index soared 66% since 2004, whereas Domestic Price index increased by 30%. Surprisingly, Industry and Commercial Electricity Price index has moved up only by 17% & 14% respectively. Is something wrong out here? Source: India Wholesale Price Index (WPI) data,
The economy of South India is largely agrarian, industries and services. The below visualizations shows the net state domestic products at factor cost in current prices in billion rupees. We observe that Andhra Pradesh has a rapid growth in the development of agriculture, fishing, electricity, gas and water supply. And Tamil Nadu leads in Banking and Insurance in the year 2014. Tamil Nadu tops in the total per capita and total net state domestic product in billion ruppes in South India.