The value of new investment projects announced by Indian companies fell to Rs 11.30 trillion in 2018-19 compared to Rs 21.04 trillion in 2014-15, according to the data collated by the Centre for Monitoring Indian Economy (CMIE).
In the coming months, the pace of investments would depend on how soon consumption demand picks up and private sector investment ramps up investment in infrastructure. “The current fiscal may not see any major upward shift, given the fairly low GDP growth witnessed in first quarter of fiscal 2020 at 5 per cent,” rating firm CARE Ratings said in ...
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