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Don’t miss the latest developments in business and finance.
At over Rs 6 trillion, capex on new projects sees 44% jump in Q3
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
Capex on new projects declines further in Q2 amid higher borrowing costs
Higher global borrowing costs are expected to affect growth prospects
New project investments hint at road to normalcy, touch Rs 3.57 trn in Q1
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
Companies shelve capex plans on pandemic blow, new projects decline 88%
Completed projects are down 74.3 per cent to Rs 43,000 crore
Even as economy reopens, new projects continue decline; down 82% YoY in Sep
Value of new projects in September lower than in June which saw the worst of lockdown
Value of new project announcements down 33.4% in June quarter: CMIE
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
