Infrastructure output in India rose 4.7 percent year-on-year in March of 2019, following an upwardly revised 2.2 percent gain. Production rose further for coal (9.1 percent compared to 7.4 percent in February); electricity (1.4 percent compared to 0.9 percent); steel (6.7 percent compared to 4.9 percent); cement (15.7 percent compared to 8 percent); and fertilizers (4.3 percent compared to 2.5 percent). Additionally, output rebounded for refinery products (4.3 percent compared to -0.7 percent). On the other hand, output growth slowed for natural gas (1.4 percent compared to 3.8 percent); and dropped at a faster pace for crude oil (-6.2 percent compared to -6.1 percent). Construction Output in India averaged 4.74 percent from 2005 until 2019, reaching an all time high of 11.66 percent in January of 2010 and a record low of -1 percent in October of 2013.
Construction Output in India is expected to be 4.40 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 6.50 in 12 months time. In the long-term, the India Infrastructure Output is projected to trend around 3.00 percent in 2020, according to our econometric models.