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Infrastructure Output Growth Hits 5-Month Low In May

India's infrastructure output grew an annual 2.8 percent in May, its slowest pace in five months, primarily dragged down by a slowdown in output of electricity, steel and refinery products, government data showed on Thursday.
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Infrastructure Output Growth Hits 5-Month Low In May
New Delhi: India's infrastructure output grew an annual 2.8 percent in May, its slowest pace in five months, primarily dragged down by a slowdown in output of electricity, steel and refinery products, government data showed on Thursday.

The output expanded 5.5 percent from a year ago between April and May.

Also Read: India's Fiscal Deficit Reaches Nearly 43% Of Budgeted Target In May

Annual growth in electricity production last month slowed to 4.6 percent from 14.7 per cent in April. Refinery products expanded 1.2 percent year-on-year in May compared with 17.9 per cent growth a month ago.

© Thomson Reuters 2016



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