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India's infrastructure output accelerates to three-month high in June

The index, which tracks activity across eight sectors and makes up 40 percent of the country's industrial production, rose at a revised 1.2 percent in May, compared to the initial estimate of 0.7 percent.

FILE PHOTO: A drone view of the construction work of the upcoming coastal road in Mumbai, India, March 7, 2024. / REUTERS/Francis Mascarenhas/File Photo

India's infrastructure output accelerated to a three-month high of 1.7 percent year-on-year in June, government data showed on Monday.

The index, which tracks activity across eight sectors and makes up 40 percent of the country's industrial production, rose at a revised 1.2 percent in May, compared to the initial estimate of 0.7 percent.

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In March, the infrastructure output grew 4.5 percent year-on-year.

KEY NUMBERS

* Crude oil output dropped 1.2 percent year-on-year in June against a fall of 1.8 percent in May

* Natural gas production fell 2.8 percent year-on-year in June after a 3.6 percent decline in May

* Cement output rose 9.2 percent year-on-year in June compared with a revised 9.7 percent increase in May

* Steel production increased 9.3 percent year-on-year in June after a revised 7.4 percent growth in May

* Fertilizer production fell 1.2 percent year-on-year in June after a drop of 5.9 percent in May

* Coal production fell 6.8 percent year-on-year in June against an increase of 2.8 percent in the previous month

* Electricity generation declined 2.8 percent year-on-year in June against a revised drop of 4.7 percent in May

* Refinery products output rose 3.4 percent in June after a 1.1 percent growth in the previous month

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