Insta
India’s Infrastructure Output Growth At Seven-Month High Of 6.7 Per Cent
Swarajya Staff
Aug 01, 2018, 08:13 AM | Updated 08:13 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Riding on increased production of coal and cement, India’s infrastructure sector grew at a seven-month high of 6.7 per cent in June.
In the April-June 2018-19 period, infra sector growth increased by 5.2 per cent over the corresponding period of the previous year.
This development comes after the growth in infrastructure sector slowed down to a 10-month low of 3.6 per cent in May 2018.
“A healthy pickup in the pace of growth of refinery products and steel, as well as a favourable base effect, contributed to the sequential improvement in core sector expansion to a seven month high 6.7 per cent in June 2018,” Aditi Nayar, principal economist at ICRA Limited, was quoted as saying.
Infrastructure output, which has eight sectors - steel, cement, fertilizer, natural gas, coal, crude oil and electricity - accounts for 40 per cent of the industrial output. Production of coal production increased by 11.5 per cent, cement by 13.2 per cent, electricity by 4 per cent and steel by 4.4 per cent. However, growth in crude oil slipped to 3.4 per cent and natural gas to 2.7 per cent.
Index of Industrial Production growth could be above 5 per cent in June.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.