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May infrastructure growth slows to 2.3 pct y/y - govt

Source : REUTERS
Last Updated: Mon, Jul 01, 2013 12:13 hrs
A Delhi Metro Rail Corporation employee looks through iron rods in New Delhi

India's infrastructure sector output growth marginally slowed to 2.3 percent year-on-year in May from 2.4 percent 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 percent reported earlier.

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

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

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