Number of stalled projects highest since Modi govt took office3 min read . Updated: 05 Apr 2016, 01:38 AM IST
Spike in new investment announcements has failed to reduce share of stalled projects
New Delhi: An increase in the number of stalled projects for three consecutive quarters has brought them to their highest level since Narendra Modi assumed office as the prime minister in May 2014. Stalled projects refer to those which were under implementation but were then halted. According to the latest data released by Centre for Monitoring Indian Economy (CMIE), the percentage share of stalled projects in total projects has risen to 12.3% for the quarter ending March 2016. To be sure, these figures might change later. For example, while current data shows that 11.8% level of March 2014 was breached in the December 2015 quarter itself by 0.1% point, the figure was 11.8% when the numbers were first released in January for the December 2015 quarter. It was the June 2015 quarter which saw a reversal in trend, when the share of stalled projects started increasing again.