Business Standard

April infrastructure output growth slows to 2.3 percent

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - India's infrastructure sector output growth slowed to 2.3 percent year-on-year in April from an upwardly revised 3.2 percent expansion in the previous month, government data showed on Friday.

The output growth for the 2012/13 fiscal year through to March for eight sectors -- coal, crude oil, oil refinery, natural gas, steel, cement, electricity and fertilisers -- was upwardly revised to 3.2 percent from a year ago, but was still slower than 5 percent recorded in 2011/12, the data showed.

The infrastructure sector accounts for 37.9 percent of India's industrial output, which expanded 1 percent during the last fiscal year, clipping the country's economic growth. (Reporting by Rajesh Kumar Singh; editing by Malini Menon)

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 31 2013 | 7:34 PM IST

Explore News