At over Rs 6 trillion, capex on new projects sees 44% jump in Q3

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates

Governments and companies kicked off new roads, factories and other new projects worth Rs 6.1 trillion in the December quarter.

This is a 44.3 per cent increase compared to the previous year, shows data from project tracker Centre for Monitoring Indian Economy (CMIE). Private sector companies are likely to keep an eye on the upcoming budget on deciding the future course of such capital expenditure (capex), according to experts. This budget is the last major one for the current government before elections in 2024.

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5