Infrastructure output in India fell 9.6 percent year-on-year in July of 2020, following a downwardly revised 12.9 percent drop in June. It is the 5th straight plunge in infrastructure output as the country battles a coronavirus economic contraction. Almost all sectors showed a decline in production except fertilizers. Falls were seen in coal (-5.7 percent), crude oil (-4.9 percent), natural gas (-10.2 percent), petroleum refinery (-13.9 percent), steel (-16.4 percent), cement (-13.5 percent), electricity (-2.3 percent). In contrast, fertilizers production increased 6.9 percent. Infrastructure output contracted 20.5 percent in the first four months of this fiscal year that started on April 1st, compared to a 3.2 percent expansion for the same period a year earlier.
Construction Output in India averaged 3.92 percent from 2005 until 2020, reaching an all time high of 11.66 percent in January of 2010 and a record low of -37.90 percent in April of 2020. This page provides the latest reported value for - India Infrastructure Output - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Infrastructure Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Office of the Economic Adviser to the Government of India
Construction Output in India is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in India to stand at 4.20 in 12 months time. In the long-term, the India Infrastructure Output is projected to trend around 3.00 percent in 2021, according to our econometric models.