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Stalled projects down to 7% of GDP

Govt to try various models to revive investment

The Economic Survey for 2014-15, released on Friday, showed there had been a gradual decline in the rate of stalled projects since last year. Stalled projects, a key reason for a slide in gross fixed capital formation in the past few years, totalled Rs 8.8 lakh crore (7 per cent of gross domestic product) at the end of December 2014. But, the stalled projects were down to 7 per cent of GDP, compared with 8.3 per cent a year ago. Read our full coverage on Union Budget Of the total stalled projects, Rs 7 lakh crore worth of projects were in the private sector, and the rest in the public ...