India's infrastructure output grew 0.2 percent from a year earlier in June 2019, the least since November 2015, mainly due to a slump in production of refinery products (-9.3 percent vs -1.5 percent in May), crude oil (-6.8 percent vs -6.9 percent), natural gas (-2.1 percent vs unchanged), and cement (-1.5 percent vs 2.8 percent). By contrast, output grew for electricity (7.3 percent vs 7.4 percent), steel (6.9 percent vs 15.3 percent), coal (3.2 percent vs 1.9 percent), and fertilizers (1.5 percent vs -1.0 percent). Construction Output in India averaged 4.73 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 2.50 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.