This comes amid a renewed focus on the investment cycle with the Reserve Bank of India noting in its October 21 bulletin: "the time for private investment is now; delay risks loss of competitiveness."
Around 4.61 per cent of outstanding projects were stalled, according to the September-quarter numbers from the Centre for Monitoring Indian Economy (CMIE). It had touched a peak of 10.53 per cent in March 2020. It has since been in steady decline and fell below 5 per cent in 2024. A combination of a decline in the value of stalled projects, combined with a significant increase in the value of outstanding projects, has caused the overall stalling rate to come down. It was 6.72 per cent in September 2019, before the pandemic came.
This story is from the October 25, 2024 edition of Business Standard.
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This story is from the October 25, 2024 edition of Business Standard.
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