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May infrastructure growth slows to 2.3 pct y/y: govt

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Reuters NEW DELHI
Last Updated : Jul 01 2013 | 5:45 PM IST

NEW DELHI (Reuters) - India's infrastructure sector output growth marginally slowed to 2.3 percent year-on-year in May from 2.4 percent the previous month, government data showed on Monday, reflecting continued slowdown in the economy.

April's number was revised up from a provisional 2.3 percent reported earlier.

The infrastructure sector - coal, crude oil, oil refinery, natural gas, steel, cement, electricity and fertilisers - accounts for 37.9 percent of the industrial output, which expanded just 1 percent during the last fiscal year.

In the fiscal year that ended in March, infrastructure grew 3.2 percent compared with 5 percent in the previous year. (Reporting by Manoj Kumar; editing by Ratnajyoti Dutta)

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First Published: Jul 01 2013 | 5:34 PM IST

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