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July core sector growth slows to three-month low of 1.1%

A contraction in steel production and a slowdown in output of coal and refinery products are the reasons

A worker welds iron rods to build a seawall along a river at the construction site of residential and commercial buildings in Ahmedabad
A worker welds iron rods to build a seawall along a river at the construction site of residential and commercial buildings in Ahmedabad
Reuters New Delhi
Last Updated : Aug 31 2015 | 5:38 PM IST

India's annual infrastructure output growth slowed to a three-month low of 1.1 percent in July, dragged down by a contraction in steel production and a slowdown in output of coal and refinery products, government data showed on Monday.

The output had grown 3 percent year-on-year in June.

Steel production shrank an annual 2.6 percent last month, compared with a 4.9 percent growth in June.

The infrastructure sector accounts for nearly 38 percent of India's industrial output.

 

 

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First Published: Aug 31 2015 | 5:21 PM IST

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