India’s infrastructure output increase by 5.2% YoY in March

India’s infrastructure output experienced a 5.2 per cent year-on-year (YoY) increase in March, down from a revised 7.1 per cent growth recorded in February, according to Reuters citing government data.

Infrastructure output, representing 40 per cent of industrial production, encompasses activity across eight sectors, including refinery products and electricity.

Notably, cement production exhibited the highest growth at 10.6 per cent in March compared to 9.1 per cent in the preceding month, while coal production and electricity generation increased by 8.7 per cent and 8 per cent, respectively.

In February, coal production had surged by 11.6 per cent, and electricity generation had seen a 7.5 per cent rise. However, two of the core sectors experienced a decline in output.

Moreover, fertiliser production witnessed a smaller drop of 1.3 per cent in March, an improvement from the 9.5 per cent decline in February, while refinery products registered a 0.3 per cent decrease, contrasting with a 2.6 per cent rise in the previous month.