Infrastructure output in India increased 2.1 percent year-on-year in February of 2019, following a downwardly revised 1.5 percent rise in January. Production went up faster for coal (7.3 percent compared to 1.7 percent in January) and fell less for refinery products(-0.8 percent compared to -2.6 percent). In contrast, output slowed for electricity (0.7 percent compared to 0.8 percent); steel (4.9 percent compared to 5.5 percent); natural gas (3.8 percent compared to 6.2 percent); cement (8 percent compared to 11 percent); and fertilizers (2.5 percent compared to 10.5 percent); and fell more for crude oil (-6.1 percent compared to -4.3 percent). Construction Output in India averaged 4.75 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.