India’s infrastructure output grew 2.3% year-on-year in February 2026, easing from a revised 4.7% increase in January but still marking the fourth consecutive month of expansion. The sector’s performance continued to be underpinned by construction-related raw materials, with solid gains in steel (7.2% vs. 11.5% in January) and cement (9.3% vs. 11.3%). Output also edged higher for fertilizers (3.4% vs. 3.7%), coal (2.3% vs. 3.1%), and electricity (0.5% vs. 5.2%).
By contrast, petroleum and gas segments remained weak, as scrutiny over sourcing raw materials from Russia increased following US sanctions. Production declined for crude oil (-5.2% vs. -5.8%), natural gas (-5.0% vs. -5.0%), and refinery products (-1.0% vs. 0.0%).
