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Labourers work at a flyover construction site in Mumbai December 29, 2010. REUTERS/Danish Siddiqui/Files
NEW DELHI (Reuters) – India’s annual infrastructure output contracted 6.5% in March, data released on Thursday showed, indicating the impact of a national lockdown imposed late last month to combat the new coronavirus.
The infrastructure output growth for February was upwardly revised to 7.1% from an earlier estimate of 5.5%, the data showed.
During the 2019/20 fiscal year ending in March, output rose 0.6% from the same period a year ago, according to the data.
Infrastructure output, which comprises eight sectors including coal, crude oil and electricity, accounts for nearly 40% of India’s industrial output.
Reporting by Manoj Kumar and Aftab Ahmed; Editing by Gareth Jones
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