After hitting record lows during the lockdown months, new project investments fell further in the December quarter, latest numbers from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) shows. Unlike the June quarter when a strict lockdown put a pause on most economic activities, economic indicators had improved in the December-ended quarter. Compared to the last quarter, private sector new projects have risen by 8%, while the same fell by 71% in the government sector. Mining investments are just 2% lower than the year-ago levels, signalling normalcy in the sector. New investments in the mining sector came entirely from the private sector.

Source: Mint January 01, 2021 11:00 UTC