Infrastructure output down in August for first time since 2015
NEW DELHI: India’s infrastructure output in August fell from a year earlier for the first time since April 2015, signalling the economic growth recovery in Asia’s third largest economy may be slow despite a cut in the corporate tax rate and other policy measures designed to spur investment.
India’s August infrastructure output fell 0.5 per cent in August from a year earlier, government data showed on Monday.
Infrastructure output, which comprises eight sectors such as coal, crude oil and electricity, accounts for nearly 40 per cent of India’s industrial output.
