Infrastructure output in March hits three-month low, grows at 4.1%

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

India’s annual infrastructure output growth slowed to a three-month low of 4.1% in March from a year ago, government data showed on Tuesday.

A labourer walks on an iron frame at the construction site of a residential complex on the outskirts of Kolkata, India. (Reuters File Photo)

The growth in output compares with an upwardly revised 5.4% year-on-year growth in February.

The annual output growth was 4.2% during 2017-18 fiscal year that ended in March, lower than 4.8% recorded in the previous year, dragged down by slower growth in the production of coal, steel and electricity, data showed.

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