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May infrastructure output rises 4.3% year-on-year

India's infrastructure output last grew at a faster pace in February, when it increased 7.4% year-on-year

Published on: Jun 30, 2023, 18:21:24 IST
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India's infrastructure output expanded 4.3% year-on-year in May, its highest since February, driven by a surge in cement, steel and fertilizer output, government data showed on Friday.

India's infrastructure output (Representative Image/Mint photo)
India's infrastructure output (Representative Image/Mint photo)

Five out of the eight sectors posted year-on-year output growth in May, according to the data.

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The country's infrastructure output last grew at a faster pace in February, when it increased 7.4% year-on-year, revised data on Friday showed.

Infrastructure output - which comprises eight sectors, including coal and electricity, accounting for nearly 40% of industrial output - also rose 4.3% year-on-year in the first two months of the financial year that started April 1, 2023, the data showed.

 
ABOUT THE AUTHOR
Singh Rahul Sunilkumar

A journalist with an engineer's core is trying to make news easier to grasp. He loves breaking down complex topics into digestible form. Obsessed with ISRO, his bylines cover science, technology, business, and, of course, Indian politics. When he's not on shift, you can find him sleeping on books.

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
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