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Capex dips in Q2, may stay muted for a while
Mint Mumbai
|October 04, 2023
Project announcements have seen declines ahead of past national polls
New investment proposals continued their precipitous fall across India in the September-ended quarter, both on a sequential and a year-on-year basis, new data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) showed. As India approaches the election season, the decline could only sustain, if past trends are anything to go by.
Projects worth ₹1.2 trillion were announced by companies during the July-September period, marking a whopping 82% sequential decline and 77% year-on-year decline. The figures are provisional and may be updated later.
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