Home >politics >policy >India’s infrastructure output growth slows to 3.2% in July

New Delhi: India’s annual infrastructure output growth slowed to 3.2% in July, mainly dragged down by a slowdown in production of electricity, cement and fertilizer, government data showed on Wednesday.

The output expanded 5.2% from a year earlier in June.

For the period between April and July, the output growth came in at 4.9%.

Cement production grew 1.4% year-on-year in July, slower than a 10.3% rise a month ago.

Production of electricity rose 1.6% from a year ago in July, compared with an 8.1% rise in the previous month.

Fertiliser output growth slowed to 2.5% from 9.8% in June.

The fiscal deficit during April-July was Rs3.93 trillion ($58.69 billion), or 73.7% of the budgeted target for the fiscal year ending in March 2017, government data showed on Wednesday.

The deficit was 69.3% during the same period a year ago.

Net tax receipts in the first four months of 2016/17 fiscal year were Rs2.22 trillion. Reuters

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