June Infrastructure Output Slows Significantly
ECONOMY & POLICY

June Infrastructure Output Slows Significantly

India's infrastructure output growth in June 2024 reached its slowest pace in nearly two years, reflecting a significant deceleration in the sector's expansion. The growth rate slowed to just 3.5%, down from previous months, raising concerns about the impact on the overall economy.

The slowdown is attributed to reduced activity in key sectors such as construction, steel, and cement. These sectors have historically been crucial drivers of infrastructure development and economic growth. The decline in growth is also linked to delays in project execution and slower-than-expected investment inflows.

Despite a robust performance in earlier months, the recent dip highlights challenges in sustaining momentum. Factors such as logistical issues, regulatory hurdles, and fluctuating demand have contributed to the current scenario.

The slower growth in infrastructure output could affect broader economic indicators, including employment and industrial production. Policymakers and industry stakeholders are closely monitoring the situation to implement strategies that could reinvigorate the sector and ensure a more balanced growth trajectory moving forward.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

India's infrastructure output growth in June 2024 reached its slowest pace in nearly two years, reflecting a significant deceleration in the sector's expansion. The growth rate slowed to just 3.5%, down from previous months, raising concerns about the impact on the overall economy. The slowdown is attributed to reduced activity in key sectors such as construction, steel, and cement. These sectors have historically been crucial drivers of infrastructure development and economic growth. The decline in growth is also linked to delays in project execution and slower-than-expected investment inflows. Despite a robust performance in earlier months, the recent dip highlights challenges in sustaining momentum. Factors such as logistical issues, regulatory hurdles, and fluctuating demand have contributed to the current scenario. The slower growth in infrastructure output could affect broader economic indicators, including employment and industrial production. Policymakers and industry stakeholders are closely monitoring the situation to implement strategies that could reinvigorate the sector and ensure a more balanced growth trajectory moving forward.

Next Story
Infrastructure Transport

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

Next Story
Infrastructure Energy

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Next Story
Infrastructure Transport

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?