India’s infrastructure output grew 5.4% year on year in July, slowing from a revised 6% increase in June. The data marked the second release under a government series with 2022-23 as the base year, replacing 2011-12, and expanding the core-sector basket to nine industries from eight by adding iron ore. Cement, coal, electricity, steel, iron ore and refinery-products output increased, while crude oil, fertilizer and natural gas production declined. Cumulative growth for April-July was 4.3%, compared with 1.5% in the corresponding period a year earlier.