India's core sector maintains double-digit growth at 12.7% in June

8 infra sectors grew 12.7% YoY in June; there was a contraction MoM

India’s eight infrastructure sectors grew in double digits for the second consecutive month in June, even as sequentially growth faltered.

Data released by the industry department on Friday showed the core sector grew 12.7 per cent in June year-on-year; sequentially, it contracted 4.1 per cent.

Aditi Nayar, chief economist at Icra, said there was a fairly broad-based moderation in core sector growth, from 19.3 per cent in May to 

12.7 per cent in June, reflecting the normalising base. “The core sector reported 8 per cent growth in June 2022 from the pre-Covid level, with a healthy performance from all the