🌏 India's core industries headline hides a fossil fuel retreat, not a capex slowdown Home Tags The day in view 🌏 India's core industries headline hides a fossil fuel retreat, not a capex slowdown Macro Soup Newsroom June 22, 2026 3 min read Share on X Share on Facebook Share on LinkedIn Share on Pinterest Email Copy link India's eight core industries grew just 0.5% YoY in May, but fossil fuel contraction (coal −9.3%, crude oil −4.6%) drove the miss while cement rose 8.4% and electricity generation climbed 8.7%. Read it as energy transition, not a capex stumble. Read next Featured Post The week in view 📰 Weekly Macro Roundup: 2026-11-07 Paid Post The week in view 🇨🇳 Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares
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