The robust growth in these industries offset weaker performance in other sectors. Output declined in crude oil, natural gas, refinery products and fertilisers during the month, highlighting the uneven nature of the recovery across the core industries.
India's trade deficit widened to a five-month high of $30.43 billion in June, compared to $19.10 billion in June 2025, according to data released by the Ministry of Commerce.
Foreign institutional investors turned net buyers with cash market inflows of over Rs 3,421 crore in the first week of July, even as analysts warned that geopolitical risks and India-US trade developments could keep markets volatile.
The development comes after the US launched overnight airstrikes on Iran in response to Tehran's alleged attacks on three vessels in the Strait of Hormuz.
Nayara Energy has cut petrol prices by Rs 5 per litre and diesel prices by Rs 3 across its nationwide fuel station network after easing global crude oil prices. The reduction took effect from July 1.
India is in touch with other suppliers, asserting that there is no shortage of LPG, LNG, and crude oil in the world, the government sources added.
On a cumulative basis, the core sector expanded by 2.6 per cent during April to December 2025-26 compared with the corresponding period of the previous year, reflecting moderate overall growth amid mixed sectoral trends.
In a credit alert, the rating agency noted that even if the situation in Venezuela escalates and disrupts crude oil production, the impact on global oil prices is expected to be muted, as Venezuela accounts for only about 1.5 per cent of global crude oil supply.
“Looking ahead, he said the maritime sector is expected to attract about Rs 8 trillion in investment and create around 1.5 crore jobs by 2047,” the minister said.
The escalation in American sanctions on Russian oil producers and vessels presents a significant challenge for India’s energy landscape.
