NOTE: Recasting Story to Incorporate Corrections From Source
Output of India's eight core industries grew at a faster pace in May, data released by the Ministry of Commerce and Industry revealed Friday.
Core industrial output increased 3.8 percent year-on-year, following a 3.1 percent gain in April. The pace of growth improved for the second month in a row, after falling to 2.2 percent in March. A year ago, output rose 5.8 percent.
The eight core industries include coal, crude oil, natural gas, petroleum refining, fertilizers, steel, cement and electricity. They have a combined weight of 37.90 percent on the Index of Industrial Production.
Electricity generation, which carries the highest weight, grew 5.2 percent. Cement production increased 11.3 percent.
Meanwhile, natural gas output declined 10.8 percent. Fertilizers production fell 15.1 percent.
by RTT Staff Writer
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