India's infrastructure output rises 7.9% in September to record in new series
Reuters reports India's infrastructure output grew 7.9% year on year in September, the highest reading in the revised data series since June.
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what happened
India's infrastructure output rose 7.9% year on year in September, according to government data released on Wednesday and reported by Reuters. The index covers nine sectors and accounts for about a third of industrial production. It expanded by a revised 5.9% in August. This is the highest reading since June, when the series was revised with 2022-23 as the base year.
Electricity and refinery products led the gain. Power generation rose 11.4%, refinery output 10.3%, coal production 10.7% and iron ore production 18.4%. Cement output grew 9.8% and steel 4.9%. Crude oil output fell 1.4%, natural gas dropped 4.6% and fertilizer production declined 11.7%. For April to September, growth stood at 5.1%, compared with 2.5% a year earlier.
why it matters
For markets, the steady pace of activity in India matters for sentiment toward Indian equities and the rupee. The simultaneous decline in crude and gas output highlights the country's reliance on imported energy supplies.
tags
instruments
sources
- India's infrastructure output rises 7.9% y/y in September — Reuters, 21 October 2026 at 11:33 UTC
- India's infrastructure output rises 7.9% in September, a record high in new series — Reuters, 21 October 2026 at 11:48 UTC
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