India’s infrastructure output growth hits 5-month low in May
Infrastructure output grew an annual 2.8% in May, its slowest pace in 5 months, primarily dragged down by a slowdown in output of electricity, steel and refinery products
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New Delhi: India’s infrastructure output grew an annual 2.8% 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% from a year ago between April and May.
Annual growth in electricity production last month slowed to 4.6% from 14.7% in April. Refinery products expanded 1.2% year-on-year in May compared with 17.9% growth a month ago. Reuters