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May Infrastructure Output Growth Slows to 2.3%

India TV News Desk 30 Jun 2014, 21:13:28 IST
India TV News Desk
New Delhi: India's annual infrastructure sector output growth slowed to 2.3 per cent in May from 4.2 per cent in the previous month, government data showed on Monday (30 June). The rate of growth was 5.9 per cent in the same month last year.

The infrastructure sector, which comprises coal, crude oil, oil refining, natural gas, steel, cement, electricity and fertilisers, accounts for 37.9 per cent of India's industrial output.

The segments that recorded negative growth last month were crude oil (-0.3 per cent), natural gas (-2.2 per cent), refinery products (-2.3 per cent) and steel (-2 per cent).

However, according to the data released by the Ministry of Commerce and Industry, the output of coal, fertilisers, cement and electricity went up by 5.5 per cent, 17.6 per cent, 8.7 per cent and 6.3 per cent, respectively.

During April-May, growth in the eight core industries slowed to 3.3 per cent as against 4.9 per cent in the year-ago period.