Note ban hits new investment in quarter 3: CMIE

This Dec quarter was the worst among those in 10 yrs, on the number of new investment proposals

The December quarter, now known for the world’s biggest demonetisation action, has also taken a substantial toll on the Indian economy, says the Centre for Monitoring Indian Economy (CMIE), a non-government think tank.  

Its data, said CMIE, showed new investment proposals worth Rs 1.25 lakh crore in the quarter; the average on this count for the earlier nine quarters of the Narendra Modi government had been Rs 2.36 lakh crore. In fact, this December quarter was the worst among those in 10 years, on the number of new investment proposals, it said. Initial indications were also seen in the