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India's Infrastructure Output Stalls in October
20 Nov
Summary
- India's infrastructure output showed no year-on-year growth in October.
- Coal and natural gas production saw significant declines in October.
- Steel and petroleum refinery output experienced positive growth in October.
India's crucial infrastructure sector reported zero year-on-year growth in October, a stark shift from the revised 3.3% expansion recorded in September. This performance indicates a slowdown affecting key components of the nation's industrial output.
The eight core industries, which collectively represent over 40% of India's industrial production, showed divergent trends. Coal production plummeted by 8.5%, and natural gas output decreased by 5%. Crude oil also saw a slight dip of 1.2%.
Conversely, sectors like steel and petroleum refineries demonstrated resilience. Steel output grew by 6.7%, and petroleum refinery products increased by 4.6%. Fertilizer production also contributed positively with a 7.4% rise.
