India's infrastructure output rises 7.9% in September, a record high in new series
NEW DELHI: India’s infrastructure output rose 7.9% year-on-year in September, its highest in at least two and a half years, driven by strong electricity and refinery products output, government data showed on Wednesday. The print is the highest since April 2024, according to comparable data under a new series launched in June with 2022-23 as the base year. Revised data prior to April 2024 is not…
India's infrastructure output surged 7.9% year-on-year in September, marking the highest growth since April 2024, according to government data released on Wednesday. The index, which accounts for nine sectors and constitutes roughly a third of the nation's industrial production, expanded at a revised 5.9% in August.
Several key sectors contributed to the growth. Electricity generation increased 11.4% in September compared to a revised 13.1% rise in August. Refinery products output rose 10.3% in September, up from a revised 5.6% increase in the previous month. Iron ore production expanded 18.4% in September, compared to a 5.5% growth in August.
Coal production grew 10.7% in September, contrasting a reduction of 3.8% in the prior month. Crude oil output declined 1.4% in September, compared to a fall of 3.6% in August. Fertilizer production dropped 11.7% in September, following a 12.4% contraction in the previous month. Natural gas production fell 4.6% in September, compared to a drop of 4.9% in August.
Cement output climbed 9.8% in September, up from an 11.7% increase in August. Steel production also increased, rising 4.9% in September compared to a revised 3.5% growth in August.
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