Core Sector Growth at 7-Month High

The country’s infrastructure growth rate shot up to a seven-month high of 6.7 per cent in June, according to government data.

The expansion came on the back of a double digit growth in cement, petroleum products and coal which expanded by 13.2 per cent, 12 per cent and 11.5 per cent respectively compared to June last year.

The growth in output compares with an upwardly revised 4.3 per cent year-onyear growth in May.

During April-June, the growth rate now works out to 5.2 per cent over the same period of the previous year.

Infrastructure output, which comprises eight sectors that also include crude oil and electricity, accounts for nearly 40 per cent of the country’s industrial output.