New project announcements at all-time high in March quarter: CMIE data

Electricity projects dominated the landscape, accounting for Rs 8.8 trillion in new announcements, surpassing manufacturing, which recorded Rs 6.3 trillion worth of new projects

Proposals for new factories, roads, and power plants surged to an all-time high in the March 2025 quarter, partially propelled by state-level investment summits, according to data from Centre for Monitoring Indian Economy (CMIE).

 

Initiatives in Maharashtra and summits in Madhya Pradesh and Chhattisgarh may have played a key role in driving new commitments, lifting the total value of new projects to Rs 18.7 trillion for the quarter under review. Large-scale investments in the power sector in particular bolstered the figures.

 

The value of new project announcements more than doubled from the December quarter and was higher than the level