Surge in Fresh Investments

Why is it in news?
  • According to Projects Today’s latest report on investment, fresh investment proposals surged sharply in the second quarter of this year (2020-21).
  • The investment raised 107% over the first quarter, with 2,219 new projects entailing an investment of Rs. 2.19 lakh crore.
More from the Report:
  • Private sector investments also recovered significantly, rising 87% from the previous quarter.
  • Among the States, Chhattisgarh received the most investments in the second quarter followed by Tamil Nadu.
  • Karnataka was third in the list followed by Gujarat and Maharashtra.
Significance:
  • The increase in fresh investment proposals in Q2 vis-à-vis the preceding quarter indicates a bounce back in project investment activities in India.
  • However, it would be too early to proclaim the return of normalcy.
Posted by Jawwad Kazi on 9th Oct 2020
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