Tag: India's July infrastructure

NEW DELHI: India's infrastructure output in July rose 8% year on year with expansion across all sectors, government data showed on Thursday.Infrastructure output, which comprises eight sectors including coal and electricity, accounts for nearly 40% of industrial output.In July the coal sector output grew 14.9%, steel production jumped by 13.5% and the cement sector achieved 7.1% output growth."Steel and cement both registered good growth rates on the back of more infrastructure activity, with the government driving demand as (government) capex was on course," said Bank of Baroda economist...