India's Infrastructure Growth Slows: A Closer Look
India's eight key infrastructure sectors experienced a slowdown in output growth, recording 4% in January. This marks a decline from previous figures. Crude oil and natural gas output showed negative growth. Overall, the April-January period saw a 2.8% growth, a decrease from the previous year's 4.5%.
- Country:
- India
India's infrastructure output growth has decelerated, with key sectors recording a 4% rate in January, down from 5.1% the previous year and 4.7% last December, as per official figures released Friday.
The slump is notably seen in crude oil and natural gas, where production growth turned negative this January.
During the fiscal period of April-January, these sectors saw a growth of 2.8%, a stark drop from the 4.5% observed in the same period last fiscal.
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