Progress in eight main infrastructure sectors rose to a 14-month excessive of 12.1 p.c in August 2023 from 4.2 p.c a yr in the past, primarily resulting from enlargement in coal, crude oil and pure fuel manufacturing, in keeping with official information. Launched on Friday.
The enlargement in August was the very best since June 2022, when it reached 13.2 p.c.
The info confirmed that manufacturing of refinery, metal, cement and electrical energy merchandise additionally elevated in August.
Information from the Ministry of Commerce and Trade confirmed that the expansion of the first sector in July reached 8.4 p.c.
Output progress within the eight sectors was additionally decrease at 7.7 per cent in April-August 2023-24 as in opposition to 10 per cent in the identical interval final yr.
First printed: September 29, 2023 | 5:26 pm he
(Tags for translation)Infrastructure India’s Economic system