New Project Announcements

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates

Higher global borrowing costs are expected to affect growth prospects

Around Rs 87,000 crore worth of projects were completed in June 2022. The completion rate was 22.5 per cent higher than last year

Completed projects are down 74.3 per cent to Rs 43,000 crore

Value of new projects in September lower than in June which saw the worst of lockdown

A IIFL Securities' India-Economy report notes new project announcements had also fallen year-on-year by 13 per cent. Investment in the four quarters ending June were at five per cent of GDP