India's annual infrastructure output contracts in Nov, first fall in seven months

India`s infrastructure output shrank 1.3 percent on year in November, its first fall in seven months, dragged down by a sharp slowdown in electricity production and a contraction in cement and steel output, government data showed on Thursday.

India's annual infrastructure output contracts in Nov, first fall in seven months

New Delhi: India`s infrastructure output shrank 1.3 percent on year in November, its first fall in seven months, dragged down by a sharp slowdown in electricity production and a contraction in cement and steel output, government data showed on Thursday.

Infrastructure accounts for nearly 38 percent of India`s industrial output.

Electricity generation last month didn't`t grow at all from a year earlier.

Cement production, meanwhile, fell 1.8 percent year-on-year compared with a growth of 11.7 percent in October.

Annual contraction in steel output deepened to 8.4 percent in November from 1.2 percent a month ago.

Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.