Growth of Key Infrastructure Sectors Slows to 4.3% in November
Cement

Growth of Key Infrastructure Sectors Slows to 4.3% in November

The growth rate of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to 7.9% in the same month last year, according to official data released. On a monthly basis, however, production growth in these sectors reached a four-month high. In October 2024, output in the sectors expanded by 3.7%. November saw a contraction in the production of crude oil and natural gas. The growth in coal, refinery products, fertiliser, steel, and electricity also moderated to 7.5%, 2.9%, 2%, 4.8%, and 3.8%, respectively, compared to last year’s growth rates of 10.9%, 12.4%, 3.3%, 9.7%, and 5.8%. On a positive note, cement production increased by 13% in November. For the period between April and November of the current fiscal year, the growth in core sectors stood at 4.2%, down from 8.7% during the same period last year. These eight core sectors contribute 40.27% to the Index of Industrial Production (IIP), which gauges overall industrial performance. Aditi Nayar, Chief Economist at ICRA Ltd, noted that the sequential increase in core sector performance was largely driven by a sharp rise in cement output, influenced by a low base. She also expects the IIP to grow by 5-7% in November 2024, partly due to the uptick in core sector growth. (ET)

The growth rate of eight key infrastructure sectors slowed to 4.3% in November 2024, compared to 7.9% in the same month last year, according to official data released. On a monthly basis, however, production growth in these sectors reached a four-month high. In October 2024, output in the sectors expanded by 3.7%. November saw a contraction in the production of crude oil and natural gas. The growth in coal, refinery products, fertiliser, steel, and electricity also moderated to 7.5%, 2.9%, 2%, 4.8%, and 3.8%, respectively, compared to last year’s growth rates of 10.9%, 12.4%, 3.3%, 9.7%, and 5.8%. On a positive note, cement production increased by 13% in November. For the period between April and November of the current fiscal year, the growth in core sectors stood at 4.2%, down from 8.7% during the same period last year. These eight core sectors contribute 40.27% to the Index of Industrial Production (IIP), which gauges overall industrial performance. Aditi Nayar, Chief Economist at ICRA Ltd, noted that the sequential increase in core sector performance was largely driven by a sharp rise in cement output, influenced by a low base. She also expects the IIP to grow by 5-7% in November 2024, partly due to the uptick in core sector growth. (ET)

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?