India's Infrastructure Business Grows 4.6% In May

June 29, 2012 9:35 PM GMT

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India's infrastructure business, which accounts for 38 percent of the country's industrial activity, grew 4.6 percent in May from a year earlier, government data released on Friday showed.

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According to government reports, infrastructure has expanded at a faster pace than an upwardly revised annual growth of 4.2 percent in the previous month.

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Output grew 3.4 percent between April and May, compared with 5 percent in the year-earlier period.

Indian infrastructure stocks rose in anticipation of the government's push for investments in the sector.

This article is copyrighted by International Business Times, the business news leader
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