Infrastructure sectors’ output growth moderates to 5.2% in March
7 months, 3 weeks ago

Infrastructure sectors’ output growth moderates to 5.2% in March

The Hindu  

India’s eight core infrastructure sectors’ output growth moderated to 5.2% in March from an upgraded 7.1% uptick in February, with high growth in Cement and Electricity production offset by contractions in fertilisers and refinery products. However, this also marked the first time in at least 12 years that all eight sectors had recorded annual growth, led by double-digit upticks in steel and coal, even as crude oil output rose 0.6% after 11 years of contraction. While all sectors recorded higher production levels compared to February, just six of the eight sectors recorded year-on-year growth as well. Steel output grew 5.5%, the slowest pace since July 2022, while natural gas and crude oil production rose 6.3% and 2%, respectively.

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