CMIE or the Centre for Monitoring Indian Economy told NDTV that at an absolute level the number of project announcements in the first quarter of 2015-16 has gone down 53 per cent compared to the previous quarter.
CMIE is an independent economic think-tank headquartered in Mumbai and provides business and economic data.
Mahesh Vyas, managing director and CEO at CMIE, said the new projects announced in the April-June period stood at Rs 1.2 lakh crore.
As far as government projects are concerned, Q1 was the second straight quarter that saw a fall in project announcements, CMIE said.
While the number of stalled projects has fallen since the Narendra Modi-government took over, it is partially because projects were abandoned in Q1, the think tank said.
During the period under review Rs1 lakh crore worth projects were completed, CMIE said.
CMIE is an independent economic think-tank headquartered in Mumbai and provides business and economic data.
Mahesh Vyas, managing director and CEO at CMIE, said the new projects announced in the April-June period stood at Rs 1.2 lakh crore.
As far as government projects are concerned, Q1 was the second straight quarter that saw a fall in project announcements, CMIE said.
While the number of stalled projects has fallen since the Narendra Modi-government took over, it is partially because projects were abandoned in Q1, the think tank said.
During the period under review Rs1 lakh crore worth projects were completed, CMIE said.
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