Fresh investments plummet in June quarter despite govt steps

Investment pace had picked up in March quarter

Investments fell sharply in the June quarter of FY18 despite the government taking several steps to attract capital.

Indian firms announced only 448 new projects, of an aggregate investment of Rs 1.35 lakh crore, in the June quarter. This was far lower than the average quarterly announcements of Rs 2.2 lakh crore seen in the past three years, according to the statistics collated by research firm CMIE.

In the quarter ended March, fresh investments worth Rs 2.92 lakh crore were announced. In the June quarter of FY17, Indian companies announced investments worth Rs1.4 lakh crore.

Fresh investments are a good indicator of the