India`s April infrastructure output rises 6.2% y/y
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
India's infrastructure output in April rose 6.2% year-on-year, compared with a revised 6% growth in March, government data showed on Friday, backed by strong electricity and steel output.
Infrastructure output, which accounts for 40% of industrial production, measures activity in eight sectors, including refinery products and electricity.
Coal production grew 7.5%, while electricity generation rose 9.4%. In March, coal production rose 8.7% and electricity generation grew 8.6%.
Steel production grew 7.1% year-on-year in March, against a 6.4% increase a month earlier. Natural gas output registered a growth of 8.6% in April, while it rose 6.3% in the previous month.
Cement production rose 0.6% in April year-on-year, its growth slowing compared with March's 10.6% rise. Crude oil production rose 1.6% in April, compared with a 2% growth a month earlier.
All sectors but fertilisers registered growth.
Fertiliser production registered a fall of 0.8% in April, compared with a fall of 1.3% in March, while refinery products rose 3.9%, against a 1.5% rise in the previous month.
