 "New investment proposals down to 13-yr low in Q3")
New investment proposals by India Inc fell to a 13-year low of Rs 768 billion in the quarter ended December 2017 compared to Rs 1.15 trillion in the previous quarter.
According to the statistics collated by the Centre for Monitoring Indian Economy (CMIE), such proposals dropped sharply in the first three quarters of 2017-18, with only 1,721 new projects with investments worth Rs 4 trillion being announced as against 2,517 projects worth Rs 9.2 trillion in the April-December 2016 period.
The completion of new capacities was also lower by 19 per cent on a year-on-year basis. The CMIE said 300 projects with
