India Infrastructure Output Rises 4.8 Percent
India infrastructure output grew 4.8 percent year on year in August as strong cement and electricity gains offset declines in energy sectors. Government data showed cumulative growth reached 4.3 percent for the April to August period.
Insights:
India's infrastructure output rose 4.8% year-on-year in Monday morning government data, driven by strong cement and electricity gains. This follows a revised 5% growth rate recorded the previous month. The expansion signals resilient industrial demand despite softening energy-related sectors.
