India`s infrastructure output grows 4% on-year in December
India's infrastructure output growth slowed in December, as the rise in cement output eased, government data showed on Friday.
Infrastructure output, which tracks activity across eight sectors and makes up 40% of the country's industrial production, grew 4% year-on-year in December, against a revised 4.4% in November.
Infrastructure output grew 4.2% in April-December, compared to an 8.3% increase in the year-ago period.
Cement output rose 4% year-on-year in December compared to a 13.5% increase in November, and steel production grew 5.1% against 4.4% a month earlier.
Coal production rose 5.3% year-on-year compared to a 7.5% increase in November, while refinery products output grew 2.8% compared with an increase of 2.9% in November.
Electricity generation was up 5.1% against a revised 4.4% rise in the prior month.
India forecasts annual growth of 6.4% in the year ending in March, the slowest in four years and below the lower end of the government's initial projection, dragged by a weaker manufacturing sector and slower corporate investments.
