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India's eight core infrastructure sectors grew by 3% in September, slowing from 6.5 % in the previous month but remaining above last year's 2.4 per cent. In the first half of the fiscal year, growth across these sectors was 2.9 %, lower than the 4.3 % recorded the same period last year. Sectors like power, steel, cement, and transport faced supply chain and demand challenges, while experts highlighted the need for targeted investment and policy support to sustain momentum and strengthen industrial output.
India's eight core infrastructure sectors recorded a growth of 3% in September, according to official data released earlier this week. This shows a slowdown from the 6.5 per cent expansion seen in the previous month. Growth was higher than September last year, when the sectors had expanded by 2.4 %, reflecting a modest improvement on a year-on-year basis. Advertisement
During the first half of the current fiscal year, covering April to September, the combined output of these infrastructure sectors rose by 2.9%. This was lower than the 4.3 % growth seen during the same period of the previous year. The slower expansion indicates moderation in industrial activity, particularly in sectors such as power, steel, cement, refinery products, and transport. Analysts note that challenges such as supply chain disruptions, fluctuating domestic demand, and global economic pressures contributed to the reduced growth pace.
The core infrastructure sectors, which include electricity, steel, coal, crude oil, natural gas, cement, refinery products, and fertilizers, play a critical role in supporting industrial production and economic development. While the overall growth remains positive compared to last year, the pace is weaker than in recent months. Experts suggest that targeted investment, efficient supply chain management, and policy support will be important to maintain steady growth and strengthen these sectors in the coming months.
Source PTI
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