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.

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
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?