Infrastructure output in India fell 8.5 percent year-on-year in August of 2020, following a downwardly revised 8 percent drop in July. It is the 6th straight plunge in infrastructure output as the country battles a coronavirus economic contraction. All sectors showed a decline in production except fertilizers and coal. Falls were seen in refinery products (-19.1 percent vs -13.9 percent); electricity (-2.7 percent vs -2.5 percent); steel (-6.3 percent vs -8.3 percent); crude oil (-6.3 percent vs -4.9 percent); natural gas (-9.5 percent vs -10.2 percent); and cement (-14.6 percent vs -13.5 percent). On the other hand, coal production rebounded (3.6 percent vs -5.7 percent) and the output for fertilizers rose faster (7.3 percent vs 6.9 percent). Considering the first five months of this fiscal year that started on April 1st, industrial output shrank 17.8 percent compared to a 2.5 percent expansion for the same period a year earlier.
Construction Output in India averaged 3.85 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 October 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.