Core sector maintains double-digit growth in June
Steel

Core sector maintains double-digit growth in June

India’s eight infrastructure sectors grew in double digits for the second consecutive month in June, even as sequentially growth faltered.

Data released by the industry department showed the core sector grew 12.7% in June year-on-year; sequentially, it contracted 4.1%.

Aditi Nayar, chief economist at Icra, said there was a fairly broad-based moderation in core sector growth, from 19.3% in May to 12.7% in June, reflecting the normalising base. “The core sector reported 8% growth in June 2022 from the pre-Covid level, with a healthy performance from all the sectors,  except steel and crude oil. In line with the moderation in the YoY performance recorded by most high-frequency indicators, as well as the core sector in June 2022, we expect IIP growth to ease to around 11-13% in that month,” she said.

India’s eight infrastructure sectors grew in double digits for the second consecutive month in June, even as sequentially growth faltered. Data released by the industry department showed the core sector grew 12.7% in June year-on-year; sequentially, it contracted 4.1%. Aditi Nayar, chief economist at Icra, said there was a fairly broad-based moderation in core sector growth, from 19.3% in May to 12.7% in June, reflecting the normalising base. “The core sector reported 8% growth in June 2022 from the pre-Covid level, with a healthy performance from all the sectors,  except steel and crude oil. In line with the moderation in the YoY performance recorded by most high-frequency indicators, as well as the core sector in June 2022, we expect IIP growth to ease to around 11-13% in that month,” she said.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?