Showing posts with label Economic slowdown. Show all posts
Showing posts with label Economic slowdown. Show all posts

Tuesday, 13 August 2013

May infrastructure growth slows to 2.3 per cent

New Delhi: India's infrastructure sector output growth marginally slowed to 2.3 per cent year-on-year in May from 2.4 per cent the previous month, government data showed on Monday, reflecting continued slowdown in the economy.

April's number was revised up from a provisional 2.3 per cent reported earlier.

The infrastructure sector - coal, crude oil, oil refinery, natural gas, steel, cement, electricity and fertilisers - accounts for 37.9 per cent of the industrial output, which expanded just 1 per cent during the last fiscal year.

In the fiscal year that ended in March, infrastructure grew 3.2 per cent compared with 5 per cent in the previous year.


surce:- http://profit.ndtv.com/news/industries/article-may-infrastructure-growth-slows-to-2-3-per-cent-323942