The output of India's eight key infrastructure industries expanded by 4 per cent year-on-year in June, the slowest growth in 20 months, according to data released by the Department for Promotion of Industry and Internal Trade on Wednesday.
The slowdown in growth can be ascribed to factors such as a high base and moderating electricity demand due to the monsoon. The output growth was 6.4 per cent in May 2024 and 8.4 per cent in June 2023.
The eight sectors - coal, steel, cement, fertiliser, electricity, natural gas, refinery products, and crude oil -constitute two-fifths of India's total industrial production. Consequently, they have a big impact on the index.
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