NEW DELHI, July 20 India’s infrastructure output grew 5% year-on-year in June, its fastest pace in five months, according to the first data released under a revised series with 2022-23 as the base year, as strong iron ore and electricity output offset weakness in energy-related…
ctors. The new series, released on Monday by the government, replaces the 2011-12 base year and expands the core sector basket to nine industries from eight, including iron ore
Infrastructure output had grown a revised 3.2% in May from a year earlier, according to comparable data released by the government. It last grew at a faster pace of 5.2% in January under the revised series. KEY NUMBERS • Cement output rose 9.8% in June from a revised 8.4% increase in May. • Steel production increased by 4.6% last month, compared to a revised 5.1% growth in May. • Electricity generation rose 9.8% in June, as compared to a revised 11.2% increase in May. • Coal production rose 1.4% in June, compared to a revised fall of 9.5% the prior month. • Iron ore production rose 43.9% in June, compared to a revised rise of 19% in May. • Crude oil output fell 4.2% in June, unchanged from the revised decline posted in May. • Fertiliser production declined 3.3% in June, following a revised 1% contraction in the previous month. • Natural gas production shrank 7.4% in June, as compared to a revised drop of 5% in May. • Refinery products output fell 4.7% in June versus a revised 8.2% fall a month earlier. • The cumulative infrastructure output growth for April-June increased year-on-year at 3.6% from a revised 1% in the corresponding period last year. (Reporting by Sarita Chaganti Singh and Shivangi Acharya