India’s infrastructure output contracts first time in 4 years

Bloomberg

India’s core infrastructure industries’ output contracted for the first time in more than four years in August, reflecting weak demand in the economy.
The index of eight core
infrastructure industries, which comprises output of coal, crude oil, cement and electricity among others, fell 0.5 percent in August. It had last declined in April 2015.
The overall output was weighed down by a contraction in coal (-8.6 percent), crude oil (-5.4 percent), cement (-4.9 percent), and electricity (-2.9 percent).