Sluggish Growth Marks Key Infrastructure Sectors in September

The growth rate of eight key infrastructure sectors declined to 2 per cent in September from 9.5 per cent in the same month the previous year according to recent data. Despite this slowdown, the growth remained positive compared to a 1.6 per cent contraction in August. During April–September this fiscal year, the core sectors grew by 4.2 per cent, in contrast to 8.2 per cent during the same period last fiscal year.

Data released on Wednesday indicates that the growth of eight key infrastructure sectors slowed to 2 per cent in September, compared to 9.5 per cent last year.

This marks a positive shift from the 1.6 per cent contraction recorded in August. However, in September, three sectors, including crude oil, natural gas, and electricity, experienced negative growth.

During the fiscal period of April to September, the growth rate for these core sectors was 4.2 per cent—down from 8.2 per cent during the same period last fiscal year. These sectors make up 40.27 per cent of the Index of Industrial Production which measures overall industrial growth.

(With inputs from agencies.)