India’s infrastructure output rises 4.8% in August

  • India’s infrastructure output grew 4.8% year over year in August.
  • Electricity rose 11.6%, while cement increased 12.5% and steel gained 3.4%.
  • April-August cumulative growth reached 4.3%, versus 2.4% a year earlier.

India’s infrastructure output grew 4.8% year over year in August, easing from a revised 5% increase in July, as strong cement, steel and electricity production offset weakness across several energy-related sectors. Cement output rose 12.5%, steel increased 3.4%, electricity generation climbed 11.6% and iron ore production gained 5.5%. Refinery-products output rose 2.6%, while coal, crude oil, fertilizer and natural gas production declined. The data marked the third release under a new series using 2022-23 as its base year and adding iron ore to the infrastructure-output basket. Cumulative growth from April through August reached 4.3%, compared with 2.4% in the corresponding period a year earlier.

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