Poket News

Q3 private investment in manufacturing jumps 102%

 

  • A continued rise in private investments in the 3rd quarter of 2020-21, led by a 102% surge in manufacturing investments, helped India register a healthy 10.3% increase in fresh project spending in Q3 over the previous quarter.
  • However, new capital expenditure proposals from the govt collapsed between October and December 2020, as funding constraints began to pinch the States, dragging their new project investments down nearly 25% from the previous quarter.