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Infra output up 3.4% y/y in June

Infra output up 3.4% y/y in June
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First Published: Wed, Jul 28 2010. 05 05 PM IST
Updated: Wed, Jul 28 2010. 05 05 PM IST
New Delhi: India’s infrastructure sector output grew 3.4% in June from a year earlier, slower than the annual growth of 5% in May, government data showed on Wednesday.
During April-June, output rose 4.6% from 4.3% a year ago.
The infrastructure sector accounts for 26.7% of industrial output.
The Index of Industrial Production (IIP) rose 11.5% in May from a year earlier, at its slowest pace in seven months, and analysts said annual production growth has most likely peaked with the strong statistical base effect gradually fading.
Finance secretary Ashok Chawla said earlier this month, industrial output was expected to keep growing at a double-digit clip in the current fiscal year to March 2011.
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First Published: Wed, Jul 28 2010. 05 05 PM IST
More Topics: Infrastructure | Economy | Growth | IIP | India |