SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Core sector growth contracts by 0.4% in April

02 Jun 2015 Evaluate

Showing their worst monthly fall and boosting the case of a rate cut by the Reserve Bank of India (RBI) the output in the eight key infrastructure industries, comprising nearly 38 % of the weight of items included in the Index of Industrial Production (IIP), declined in April for a second month in a row, by 0.4 per cent. Output had fallen by annual 0.1 per cent in March and the decline in April was the worst since the 0.3% dip in July 2005.

Coal and steel were only two sectors that saw some growth, while five sectors recorded a decline in output highlighting the pervasiveness of the slowdown. The overall growth of eight core industries in the entire 2014-15 fiscal stood at 3.5% against 4.2% in the previous fiscal. The growth rate of core sector industries has been declining since November last year.

Coal production having weight of 4.38% increased by 7.9% in April, 2015 over April, 2014. Its cumulative index during April to March, 2014-15 increased by 8.4% over corresponding period of previous year. Steel production having weight of 6.68% increased by 0.6% in April, 2015, while its cumulative index during April to March, 2014-15 increased by 0.8% over the corresponding period of previous year.

On the other hand, Crude Oil production having weight of 5.22% declined by 2.7% in April, 2015, while its cumulative index during April to March, 2014-15 declined by 0.9% over the corresponding period of previous year. Natural Gas production having weight of 1.71% declined by 3.6% in April, 2015, its cumulative index during April to March, 2014-15 declined by 5.2% over the corresponding period of previous year. Petroleum Refinery production having weight of 5.94% declined by 2.9% in April, 2015, though its cumulative index during April to March, 2014-15 increased by 0.4 % over the corresponding period of previous year.

Fertilizer production having weight of 1.25% too showed a modest declined by 0.04% in April, 2015 and its cumulative index during April to March, 2014-15 declined by 0.1% over the corresponding period of previous year. Cement production having weight of 2.41% declined by 2.4 % in April, 2015, though its cumulative index during April to March, 2014-15 increased by 5.7 % and Electricity generation having weight of 10.32% declined by 1.1 % in April, 2015, while its cumulative index during April to March, 2014-15 increased by 8.1% over the corresponding period of previous year.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×