India's Infrastructure Output Growth Slows In September

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India's infrastructure production growth slowed significantly in September, the Ministry of Commerce and Industry said on Wednesday.

The infrastructure sector output increased 4% year-on-year in September, slower than the 7.8% growth in the previous month. A year ago, production was up 4%. Infrastructure output is based on the Index of Six core industries that hold a combined weight of 26.7% in the Index of Industrial Production.

Crude oil production dropped 0.5% year-on-year in September, while petroleum refinery products output climbed 3.4%. At the same time, the production of coal and cement grew 6.5% each, while electricity output rose 7.5%.

For the April to September period, infrastructure sector output rose 5%, compared to the 3.4% increase in the same period of the previous year.

India's infrastructure production growth slowed significantly in September, the Ministry of Commerce and Industry said on Wednesday. (Market News Provided by RTTNews)