Infrastructure sector goes up by 7.2 per cent in March

Infrastructure sector goes up by 7.2 per cent in MarchIndian infrastructure is going good and the economic recovery is adding fire to the fuel. At least that is what one can make out from the fact that the infrastructure industries showed positive growth rate of 7.2 per cent during the month of March.

This growth was further boosted by the fact that the overall industrial sector in India has also shown robust increase during the last few months.

The six main sectors of the segment- crude, petroleum refinery products, coal, electricity, cement and finished steel, showed a consolidated increase of 3.3 per cent during the same period last year.

In the month of February of this year, the figure stood at 4.7 per cent. If one considers that whole fiscal year, then the sectors have registered an increase of 5.5 per cent. This is much higher than the figure of 3 per cent that was achieved during the last fiscal.

The above mentioned industries have a combined weight of 26.7 per cent in the industrial index.

While finished steel alone went up by 9.2 per cent, coal, electricity and cement grew by 7.8 per cent each against 5.3 per cent, 6.3 per cent and 10.1 per cent, respectively.