India's Infrastructure Business Grows 4.6% In May
India's infrastructure business, which accounts for 38 percent of the country's industrial activity, grew 4.6 percent in May from a year earlier, government data released on Friday showed.
According to government reports, infrastructure has expanded at a faster pace than an upwardly revised annual growth of 4.2 percent in the previous month.
Output grew 3.4 percent between April and May, compared with 5 percent in the year-earlier period.
Indian infrastructure stocks rose in anticipation of the government's push for investments in the sector.
© Copyright IBTimes 2024. All rights reserved.
Join the Discussion
Editor's pick