India's Infrastructure Output Slows to 8.1 per cent Growth
ECONOMY & POLICY

India's Infrastructure Output Slows to 8.1 per cent Growth

India's infrastructure output showed an 8.1 per cent year-on-year increase in September, according to government data. However, this growth rate represented a four-month low, and the expansion in most sectors decelerated. The term "infrastructure output" encompasses eight key sectors, including coal and electricity, contributing to almost 40 per cent of the country's industrial output.

Despite the overall slowdown, some sectors displayed robust performance during September. Electricity generation recorded a notable 9.3 per cent growth, while coal production surged by 16.1 per cent. The steel sector expanded by 9.6 per cent, demonstrating significant progress. Additionally, cement output increased by 4.7 per cent. However, there was a slight decline of 0.4 per cent in crude oil production during the same period.

Economists, such as Aditi Nayar from ICRA, have attributed the dampened growth to a pickup in rainfall, which hurt the core sector's expansion in September. She further predicted that the Index of Industrial Production, which measures industrial output growth, is likely to moderate to high single digits in September 2023, following the trajectory of the core sector.

For the first six months of the financial year that began on April 1, infrastructure output demonstrated a year-on-year growth of 7.8 per cent, according to the data.

India's infrastructure output showed an 8.1 per cent year-on-year increase in September, according to government data. However, this growth rate represented a four-month low, and the expansion in most sectors decelerated. The term infrastructure output encompasses eight key sectors, including coal and electricity, contributing to almost 40 per cent of the country's industrial output. Despite the overall slowdown, some sectors displayed robust performance during September. Electricity generation recorded a notable 9.3 per cent growth, while coal production surged by 16.1 per cent. The steel sector expanded by 9.6 per cent, demonstrating significant progress. Additionally, cement output increased by 4.7 per cent. However, there was a slight decline of 0.4 per cent in crude oil production during the same period. Economists, such as Aditi Nayar from ICRA, have attributed the dampened growth to a pickup in rainfall, which hurt the core sector's expansion in September. She further predicted that the Index of Industrial Production, which measures industrial output growth, is likely to moderate to high single digits in September 2023, following the trajectory of the core sector. For the first six months of the financial year that began on April 1, infrastructure output demonstrated a year-on-year growth of 7.8 per cent, according to the data.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?