India’s infrastructure output slows to 6-month low of 3.5% in April

The growth in eight core infrastructure industries further moderated to 3.5 per cent in April on an annual basis after hitting a five-month low of 3.6 per cent in March. It also sharply eased from 9.5% growth a year earlier.

The production of fertilisers, steel, cement and coal increased in April 2023 over the corresponding month of last year, data from the Ministry of Commerce & Industry showed.

The core sector growth was 9.5 per cent in April 2022 while in March 2023 the key infra sectors recorded a growth rate of 3.6 per cent. The growth rate in April 2023 is the lowest since October 2022 when the sectors expanded by 0.7 per cent.