NEW DELHI (Reuters) – India’s infrastructure output expanded 4.3% year-on-year in May, its highest since February, driven by a surge in cement, steel and fertilizer output, government data showed on Friday.
Five out of the eight sectors posted year-on-year output growth in May, according to the data.
The country’s infrastructure output last grew at a faster pace in February, when it increased 7.4% year-on-year, revised data on Friday showed.
Infrastructure output – which comprises eight sectors, including coal and electricity, accounting for nearly 40% of industrial output – also rose 4.3% year-on-year in the first two months of the financial year that started April 1, 2023, the data showed.
(Reporting by Shivangi Acharya; Editing by Christina Fincher)
