India's core sector growth contracts by 23.4% in May

01 Jul 2020 Evaluate

The ministry of Commerce and Industry in its latest data has showed that the growth of eight core infrastructure industries have contracted by 23.4 percent in May 2020 as compared to same period of last year, due to the coronavirus-induced lockdown. The eight core sectors had expanded by 3.8 percent in May 2019. In April, the sectors' output contracted by a record 37 percent. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity - comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).

Among eight core sectors, Coal production having 10.33 percent weight decreased by 14 percent in May, 2020 over May, 2019, and its cumulative index fell by 14.7 percent during April to May, 2020-21 over corresponding period of the previous year. Petroleum Refinery production having 28.04 percent weight declined 21.3 percent in May, 2020 over May, 2019, while its cumulative index dropped by 22.7 percent during April to May, 2020-21 over the corresponding period of previous year.

Electricity generation having 19.85 percent weight fell 15.6 percent in May, 2020 over May, 2019, while its cumulative index decreased by 19.1 percent during April to May, 2020-21 over the corresponding period of previous year. Cement production having 5.37 percent weight decreased by 22.2 percent in May, 2020 over May, 2019 and its cumulative index fell by 54.1 percent during April to May, 2020-21 over the corresponding period of previous year. Fertilizer production having 2.63 percent weight increased by 7.5 percent in May, 2020 over May, 2019, and its cumulative index was up by 2.0 percent during April to May, 2020-21 over the corresponding period of previous year.

Steel production having 17.92 percent weight declined by 48.4 percent in May, 2020 over May, 2019, while its cumulative index fell by 63.3 percent during April to May, 2020-21 over the corresponding period of previous year. Crude Oil production having 8.98 percent weight fell by 7.1 percent in May, 2020 over May, 2019 and its cumulative index dropped by 6.7 percent during April to May, 2020-21 over the corresponding period of previous year. The Natural Gas production having 6.88 percent weight declined by 16.8 percent in May, 2020 over May, 2019, and its cumulative index was down by 18.3 percent during April to May, 2020-21 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

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.