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India's July infrastructure output growth slows to 3-month low of 1.1%

[NEW DELHI] India's annual infrastructure output growth slowed to a three-month low of 1.1 per cent in July, dragged down by a contraction in steel production and a slowdown in output of coal and refinery products, government data showed on Monday.

The output had grown 3 per cent year-on-year in June.

Steel production shrank an annual 2.6 per cent last month, compared with a 4.9 per cent growth in June.

The infrastructure sector accounts for nearly 38 per cent of India's industrial output.

REUTERS

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