Posted 1/14/2024, 5:29:00 PM
Infrastructure Investment Plans Plunge 46% from Last Quarter as New Projects Dry Up
- New investment plans slid 46% from Q2 2023 to Q3 2023, with public and private sector projects declining sharply
- Proposed investments halved across most sectors except electricity; manufacturing and irrigation saw the steepest drops
- Multiple factors contributed including below-normal monsoon, upcoming elections, fiscal restraint, and global economic concerns
- Fresh infrastructure commitments fell for the second straight quarter, with new road and railway projects plummeting
- Maharashtra topped investment destinations with 470 new projects worth Rs 1.04 lakh crore, followed by Karnataka, Uttarakhand, and Gujarat