India Infrastructure Output Slows

2026-09-21 12:04 By Andre Joaquim 1 min. read

Infrastructure output in India rose by 4.8% from the previous year in August of 2026, easing from the downwardly revised 5% growth rate in the earlier month, but remaining above the lower rates following the initial response from the war in the Middle East.

Growth was carried by construction materials, with output remaining high for cement (12.5% vs 12.7% in July), steel (3.4% vs 1.9%), and iron ore (5.5% vs 29.5%).

In turn, energy remained under pressure as the war triggered a surge in fuel prices and costs that Indian manufacturers face.

Output fell for crude oil (-3.6% vs -5.3%), natural gas (-4.9% vs -3%), and slowed for refinery products (2.6% vs 3.0%).

Soaring LNG prices faced by Asian importers also hampered production of fertilizers (-12.4% vs -8%).



News Stream
India Infrastructure Output Slows
Infrastructure output in India rose by 4.8% from the previous year in August of 2026, easing from the downwardly revised 5% growth rate in the earlier month, but remaining above the lower rates following the initial response from the war in the Middle East. Growth was carried by construction materials, with output remaining high for cement (12.5% vs 12.7% in July), steel (3.4% vs 1.9%), and iron ore (5.5% vs 29.5%). In turn, energy remained under pressure as the war triggered a surge in fuel prices and costs that Indian manufacturers face. Output fell for crude oil (-3.6% vs -5.3%), natural gas (-4.9% vs -3%), and slowed for refinery products (2.6% vs 3.0%). Soaring LNG prices faced by Asian importers also hampered production of fertilizers (-12.4% vs -8%).
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India Infrastructure Output Expands
Infrastructure output in India rose by 5.4% from the previous year in July of 2026, extending the upwardly revised, ten-month high of 6% in the previous month. The result extended the period of traction from the more fragile growth rates in the second quarter after the war in Iran triggered a surge in energy prices and costs that Indian manufacturers face. Output accelerated for iron ore (29.5% vs 44.5% in June), cement (13.1% vs 9.9%), coal (7.6% vs 1.4%), and rebounded for refinery products (2.7% vs -4%) as producers were likely able to source greater crude oil feedstock. On the other hand, output fell for fertilizers (-8% vs -3.3%) and crude oil (-3.7% vs -4.8%).
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Infrastructure output in India jumped by 5.0% from the previous year in June of 2026 from the upwardly revised 3.2% increase in the previous month to mark the sharpest pace of growth since January. The result reflected some traction from the more fragile growth rates in the second quarter after the war in Iran triggered a surge in energy prices and costs that Indian manufacturers face. Output was high for construction inputs in iron ore (43.9% vs 19.0% in May), cement (9.8% vs 8.4%), and steel (4.6% vs 5.1%). Production also expanded for electricity (9.8% vs 11.2%). In turn, the supply shock from Persian Gulf energy exports reduced output for refinery products (-4.7% vs -8.2%).
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