 "Economy")
Fewer new projects were seen in the fiscal year’s last quarter amid an economic slowdown and rising uncertainty around the coronavirus (Covid-19) pandemic.
The value of new projects was Rs 7,000 crore lower in the three-month period ending March 2020, according to data from the Centre for Monitoring Indian Economy (CMIE).
The value of new projects was Rs 2.98 trillion in March 2019. It dropped to Rs 2.91 trillion in the quarter ended Tuesday (March 31), the last day of the fiscal year (FY20).
Completed projects were down 71.3 per cent and stalled projects also declined. The value of stalled
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