New projects surged 37.4% to Rs 4.26 trillion in Dec quarter: Report

Interestingly, the rise in new projects is despite a fall in capacity utilisation

There has been an increase of over a trillion rupees in new projects from October to December 2019, compared to the same 3-month period year-ago.

New projects worth Rs 3.1 trillion were seen in December 2018. This has risen by 37.4 per cent on a year-on-year basis to Rs 4.26 trillion, showed data from project-tracker Centre for Monitoring Indian Economy (CMIE). The body releases capex data at the end of every quarter. 

It also showed that the proportion of ‘stalled project’ is down 81.8 per cent to Rs 0.58 trillion. Completed projects remain at the same level, with numbers for