Investment mood weakens in Q1 as second wave interrupts recovery, shows capex data
New project investments were down 13% in the June quarter, falling back from the bump in the preceding quarter, CMIE data shows. Government sector projects took a bigger blow than the private sector
The appetite for fresh investments got a fresh jolt in the June-ended quarter as the second covid-19 wave and subsequent statewide lockdowns sapped business confidence. New project investments were down 13%, falling back from the bump in the preceding quarter, latest numbers from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows.
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