Morning Digest | India sees lowest August rainfall in a century; Chinese President yet to confirm presence at Delhi’s G-20 summit, and more

Core sectors grew 8% in July, but output 2.2% below June levels

All of India’s eight infrastructure industries reported growth for the first time in 14 months this July, with core sectors’ output rising 8% after a five-month high surge of 8.3% in June. While July’s performance was buoyed by a 14.9% in coal production, steel output also rose in double digits for the ninth successive month, rising 13.5% in July. Natural gas production grew 8.9% in July, the fastest pace recorded since February 2022.

India sees lowest August rainfall in a century; September is likely to be ‘normal’: IMD