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India`s annual infrastructure output contracts in Nov, first fall in seven months
India`s infrastructure output shrank 1.3 percent on year in November, its first fall in seven months, dragged down by a sharp slowdown in electricity production and a contraction in cement and steel output, government data showed on Thursday.
New Delhi: India`s infrastructure output shrank 1.3 percent on year in November, its first fall in seven months, dragged down by a sharp slowdown in electricity production and a contraction in cement and steel output, government data showed on Thursday.
Infrastructure accounts for nearly 38 percent of India`s industrial output.
Electricity generation last month didn't`t grow at all from a year earlier.
Cement production, meanwhile, fell 1.8 percent year-on-year compared with a growth of 11.7 percent in October.
Annual contraction in steel output deepened to 8.4 percent in November from 1.2 percent a month ago.