Infrastructure output in India fell 23.4 percent year-on-year in May of 2020, following a downwardly revised 37 percent drop in the previous month which was the biggest on record. The country entered lockdown from March 24th aiming to contain the spread of the coronavirus and extended it through April, May and June. Biggest declines were seen in production of steel (-48.4 percent), cement (-22.2 percent), refinery products (-21.3 percent), natural gas (-16.8 percent), electricity (-15.6 percent), coal (-14 percent) and crude oil (-7.1 percent). In contrast, production of fertilisers went up 7.5 percent.
Construction Output in India averaged 4.08 percent from 2005 until 2020, reaching an all time high of 11.66 percent in January of 2010 and a record low of -37 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 July of 2020. source: Office of the Economic Adviser to the Government of India
Construction Output in India is expected to be -24.00 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 3.00 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.