India Infrastructure Output Picks Up

2026-01-20 12:16 By Andre Joaquim 1 min. read

The infrastructure output in India rose by 3.7% from the previous year in December of 2025, accelerating from the upwardly revised 2.1% increase in the previous month to mark the sharpest pace of growth since the 15-month high from August.

The rebound for the infrastructure aggregate, which makes up nearly 40% of India's total industrial production, indicated that the cutback in capacity from the aggressive hike in US tariffs was short-lived, aligned with other indicators pointing to some resilience for goods producers.

Growth was sharp for construction inputs through steel (6.9& vs 16.7%) and cement (13.5% vs 14.6%) and selected energy goods in electricity (5.3% vs -1.5%), and coal (3.6% vs 2.1%).

These offset continued pressure in crude oil (-5.6% vs -3.2%) and refinery products (-1% vs -0.9%), still adapting to lower prices in global benchmarks and supply disruptions from Russia.



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