India’s infrastructure output grows 4.7% in April

Infrastructure growth slowed to a three-year low of 4.2% in 2017-18 fiscal year, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.

India’s annual infrastructure output grew 4.7% in April from a year ago, government data showed on Thursday.

The growth in output compares with a upwardly revised 4.4% year-on-year growth in March.

Infrastructure growth slowed to a three-year low of 4.2% in 2017-18 fiscal year, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.

Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40% percent of India’s industrial output.