In the second quarter of 2023-24, Fresh investment has dropped to ₹6.9 lakh crore, 13% less than the first quarter.
The decline in investment commitments during Q2 comes after a 45.8% sequential decline recorded in the first quarter.
A total of 2,238 new projects with an investment of ₹6.88 lakh crore were announced in Q2.
2,745 new projects worth ₹7.91 lakh crore were announced in Q1.
In Q2, the highest decline in foreign and Union projects was witnessed.
Private investment plans contracted for the second consecutive quarter, although it was a slower pace of 0.24% compared with the 62.5% contraction in the first quarter.
₹3.93 lakh crore of private investment projects have been announced in Q2.
New projects from Union government agencies dropped 47.4% in Q2.
The irrigation sector, which is generally driven by small investments initiated by states, was the only sector to register sequential growth in the second quarter.
Odisha and Telangana are the top two states to receive new investment in Q2.
