News Indian Bulletin

Important infrastructure sector growth reaches a 14-month high of 12.1% in August

<p>According to the official figures issued on Friday, the growth of eight important infrastructure sectors increased to a 14-month high of 12.1% in August 2023 compared to 4.2% a year earlier, mostly because of an increase in coal, crude oil, and natural gas output.<img decoding=”async” class=”alignnone wp-image-213057″ src=”” alt=” important infrastructure sector growth reaches a 14 month high of 12 1 in august d 1″ width=”1059″ height=”681″ srcset=” 280w,×96.jpg 150w” sizes=”(max-width: 1059px) 100vw, 1059px” title=”Important infrastructure sector growth reaches a 14-month high of 12.1% in August 12″></p>
<p>Since June 2022, when it was 13.2%, the expansion in August has been at its greatest level.</p>
<p>According to the statistics, output of steel, cement, and goods from refineries increased in August.</p>
<p>According to figures from the Commerce and Industry Ministry, the core sector grew by 8.4% in July.</p>
<p>The production growth for the eight sectors was similarly lower, at 7.7% from April to August 2023–2024 compared to 10% the previous year.</p>
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