Photo Credit: Shah Junaid/VCCircle

India August infrastructure sector grows 3.2% as steel output rebounds

By PTI
30 September, 2016

Infrastructure sector recorded a growth rate of 3.2 per cent in August, up from 3 per cent in the previous month but same as that in year-ago period, amid weak performance of coal, crude oil and natural gas segments.

The growth rate of the eight infrastructure sectors coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity in August 2015 was also 3.2 per cent.

The core sectors, which contribute 38 per cent to the country’s total industrial production, had expanded by 3 per cent in July.

As per data released by the government, the cumulative growth of the sector during April-August period of the fiscal was 4.5 per cent against 2.4 per cent in the same period last fiscal.

Coal, crude oil and natural gas production dipped by 9.2 per cent, 3.9 per cent and 5.7 per cent, respectively in August.

Refinery production grew by 3.5 per cent during the month under review as against 5.8 per cent in the same month last year.

Similarly fertiliser, cement and electricity record a growth of 5.7 per cent, 3.1 per cent and 0.1 per cent in August 2016 as compared to 13.8 per cent, 5.4 per cent and 5.6 per cent respectively in August 2015.

Steel output surged by 17 per cent against a negative growth of 3.3 per cent in the same month last year.

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India August infrastructure sector grows 3.2% as steel output rebounds

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