+
India's core sector maintains double-digit growth
ECONOMY & POLICY

India's core sector maintains double-digit growth

In June, India's eight infrastructure sectors expanded by double digits for the second month in a row, despite a slowdown in sequential growth.

According to data provided by the industry department, the core sector gained 12.7% year on year in June, but fell 4.1% sequentially.

According to Aditi Nayar, chief economist of Icra, core sector growth has moderated to 19.3 percent from 19.3 percent in May.

12.7 per cent in June, reflecting the normalising base. “The core sector reported 8 per cent 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 per cent in that month,” she said.

In June, India's eight infrastructure sectors expanded by double digits for the second month in a row, despite a slowdown in sequential growth. According to data provided by the industry department, the core sector gained 12.7% year on year in June, but fell 4.1% sequentially. According to Aditi Nayar, chief economist of Icra, core sector growth has moderated to 19.3 percent from 19.3 percent in May. 12.7 per cent in June, reflecting the normalising base. “The core sector reported 8 per cent 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 per cent in that month,” she said.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?