New projects inched higher in March compared to December quarter

Topics infrastructure | Real Estate  | CMIE

The value of new projects is up 13.2 per cent in the March quarter over December, while on a year-on-year basis, it is 69.3 per cent lower.   New projects track money spent on long-term assets which includes initiatives like companies setting up factories and the government building roads. This kind of capital expenditure (or capex) is seen to be important for economic growth.   The value of new projects was Rs 1.2 trillion in March 2021 compared to Rs 1.06 trillion in December 2020, and 3.91 trillion in March 2020, showed data from project tracker Centre for Monitoring India.....

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