Private sector capital expenditure zooms 42% in Q2, shows CMIE data
3 min read Last Updated : Oct 02 2024 | 12:18 AM IST
Private sector companies announced the setting up of factories and other new projects worth Rs 4.1 trillion in the three months ended September, a 42 per cent rise from the year-ago period, according to data from project tracker Centre for Monitoring Indian Economy (CMIE).
Coupled with government announcements of roads, railways, and similar new projects worth Rs 1.4 trillion, the total value of project announcements for the quarter reached Rs 5.49 trillion.
This comes after a lacklustre June quarter amid elections and the declaration of results that saw less than half of this value.
Project completions, however,
Originally published by business-standard.com. Syndicated material does not necessarily reflect the views of Grazia British.
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