Business »  Topic »  New investments in India plunge to 16-year low

New investments in India plunge to 16-year low


New project announcements in India plunged to a 16-year low in the just-ended June quarter, latest data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows. As the country remained under lockdown for most of this period to combat covid-19, economic activity dropped sharply. Animal spirits of India’s entrepreneurs also seems to have dried up, the latest data suggests.

Private investments in India have been anaemic for a while, and the decline in economic activity seems to have dampened sentiments further. Government-led investment projects, which had seen their share rise over the past few years ...


Read the full text livemint