Capex plans snap growth trend in Q2, new projects down 59%: CMIE data

Investments are down over June 2021, as well as over September last year

Companies planned to have fewer new projects in the September quarter (Q2), reversing a sequential growth trend seen in the past two quarters.
 
The value of new projects declined 59.3 per cent year-on-year (YoY) in the September quarter (Q2), while compared to Q1, it was down 58.3 per cent. Completed projects rose 9 per cent YoY, and 18.3 per cent sequentially.
 
The value of new projects was Rs 1.05 trillion for Q2, according to data from the Centre for Monitoring Indian Economy (CMIE). It was over Rs 2.5 trillion in the corresponding quarter last year, as well as