Infrastructure output grows by 2.8 per cent in May | business | Hindustan Times
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Infrastructure output grows by 2.8 per cent in May

business Updated: Jun 30, 2009 23:42 IST

The country’s infrastructure sector output grew 2.8 per cent in May from a year earlier, slower than the 5 per cent growth recorded in April, even as the cement sector shone that grew by 11.6 per cent out like a beacon of hope for the broader economy’s growth.

The infrastructure sector accounts for 26.7 per cent of India's industrial output.

The six core industries comprise of crude oil, refined petroleum fuel, coal, electricity, cement and finished steel.

A senior government official said the country’s industrial production is likely to do better in May. “In May, industrial output is expected to be better. Domestic demand-driven industries like cement, consumer goods and FMCG are doing well,” secretary of the department of industrial policy promotion, Ajay Shankar, said.

Overall, industry grew by 1.4 per cent in April, up from a 0.75 per cent contraction a month earlier, triggering hopes of a strong economic rebound.