Infrastructure Sector Growth Hits 6.2% in April Amid Varied Performances

03 Jun 2024 CW Team

Official data released revealed a notable uptick in the growth of India's crucial infrastructure sectors, surging to 6.2% in April. This surge was primarily fueled by robust expansions in the production of natural gas, refinery products, and electricity.

Compared to the preceding month of March, which saw a growth rate of 6%, this acceleration reflects positive momentum in the nation's industrial landscape. However, the performance varied across different sectors.

The core sectors contributing to this growth include coal, crude oil, natural gas, refinery products, fertiliser, steel, cement, and electricity. In April 2023, these sectors collectively posted a growth rate of 4.6%, showcasing a commendable improvement.

Despite the overall positive trend, fertiliser output stood out with negative growth in April, signaling challenges within this specific segment of the economy.

Further analysis of the data shows a mixed picture across different industries. While coal, steel, and cement maintained growth rates of 7.5%, 7.1%, and 0.6% respectively in April, the pace of expansion has notably slowed down compared to April 2023 figures, which stood at 9.1%, 16.6%, and 12.4% respectively.

This nuanced performance underscores the need for targeted interventions and policy adjustments to address the specific challenges faced by each sector, ensuring sustained growth and resilience in India's infrastructure landscape.

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