India Infrastructure Output Growth Improves

Output of the eight infrastructure industries, which have a 38% weight in India's index of industrial production, grew 2.6% from a year earlier, compared with 1.6% in November, a government statement said Thursday.

Electricity output rose 4.4% from a year earlier, quicker than the previous month's 2.4% increase, while cement output grew 3.9% after contracting 3% in November.

Performance of some other key sectors such as steel was also healthy with output increasing 5.2% during the month, after a 6% rise the month before.

However, continued weakness in natural-gas as well as coal output weighed on overall activity.

Natural-gas output contracted 14.9% in December while coal output shrank 0.2%.

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