BackDecember infrastructure output up 6.6%
December infrastructure output up 6.6%
Premium
New Delhi: Infrastructure sector output grew 6.6% in December from a year earlier, faster than an upwardly revised annual growth of 3% in November, government data showed on Monday.
In the first nine-month of the current financial year, which ends in March, output rose 5.3% compared with 4.7% growth in the year-ago period.
The infrastructure sector accounts for 26.7% of India’s industrial output.
India’s annual industrial output in November rose a slower-than-expected 2.7% from a year earlier, sharply lower than the previous month’s revised annual growth of 11.3%.
India expects to invest about $500 billion in infrastructure, mainly in power, telecommunications, roads, railways and oil pipelines in five years to end-March 2012.
The government plans to double spending on infrastructure to $1 trillion in its next five-year plan, which runs from April 2012.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
