Infrastructure output in India increased 1.8 percent year-on-year in January of 2019, easing from an upwardly revised 2.7 percent rise in the previous month. It was the smallest gain in infrastructure output since June of 2017 as production fell for refinery products (-2.6 percent compared to -4.8 percent), electricity (-0.4 percent vs 4.4 percent) and crude oil (-4.3 percent, the same as in December) and slowed for steel (8.2 percent compared to 12.9 percent) and cement (11 percent compared to 11.6 percent). On the other hand, production rose faster for coal (1.7 percent vs 1.1 percent) and natural gas (6.2 percent compared to 4.2 percent) and rebounded for fertilisers (10.5 percent compared to -2.4 percent). Construction Output in India averaged 4.76 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 3.00 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 5.10 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.