India’s infrastructure output grows 5.4% in July

India's infrastructure output expanded by 5.4% compared to the previous year in July, a slower increase than the 6% growth reported in June under the revised series, according to government figures. The revised series, which employs 2022-23 as the base year, now encompasses nine industries including iron ore, up from eight previously.

Iron ore production and electricity generation both experienced a decrease in July, with growth rates of 5.4% and 9% respectively, compared to earlier revisions. Cement output saw a notable increase of 13.1% in July, up from a 9.9% rise in June. Steel production rose by 2.9% in July, marking a contrast to the earlier 5.6% growth reported in June. Coal production rebounded with a 7.6% increase in July, after a 1.4% surge in the preceding month.