Fresh investment plans almost halved between October and December 2023 from the previous quarter, with public capital expenditure projects tripping at a faster pace of almost 60%, while proposed private sector outlays fell 35%.
This marked the third successive quarter of sequential decline in new investment projects after they hit a record high in the fourth quarter (Q4) of 2022-23, data from investment tracking firm Projects Today show.
Proposed investments halved for all sectors barring electricity, with irrigation (down 75%) and manufacturing (61.5% lower) witnessing the sharpest drop.
