India's infrastructure output rises 5.4% y/y in July

NEW DELHI: India's infrastructure output expanded by 5.4% year-on-year in July, according to the government's revised series. This represents a slight slowdown from the previous month's growth. The new series, which replaced the 2011-12 base year, now includes nine industries instead of the previous eight, with iron ore being one of them.

In June, infrastructure output had grown by a revised 6% compared to the previous year. Cement production saw a significant rise of 13.1% in July, up from a revised 9.9% increase in June. Steel production also increased by 2.9% in July, compared to a revised 5.6% growth in June. Electricity generation saw a 9% rise in July, whereas June saw a revised 11.4% increase.

Coal production grew by 7.6% in July, a notable improvement from the previous month's 1.4% rise. Iron ore output surged by 29.5% in July, up from a revised 44.5% increase in June. Crude oil output dropped by 5.3% in July, following a 4.2% decline in June. Fertilizer production fell by 8% in July, after decreasing by 3.3% in the prior month.

Natural gas production shrank by 3.7% in July, compared to a revised drop of 4.8% in June. Refinery products output rose by 2.7% in July, contrasting with a revised 4% fall in the previous month. The cumulative infrastructure output growth from April to July increased by 4.3% year-on-year, up from 1.5% in the same period last year.