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

New project investments by private and government entities in the April-June quarter exceeded last year’s first quarter numbers.

The total value of new projects stood at Rs 3.57 trillion for the three months ended June 2022 (Q1 FY23), the data from project tracker Centre for Monitoring Indian Economy showed. The Q1 numbers are 21.4 per cent higher compared to the same period last year. There were new projects worth Rs 2.94 trillion in the June 2021 quarter.

Meanwhile, the March 2022 quarter figure came in at Rs 5.9 trillion. The value of new projects can vary at different times of the year.