Investment projects bounce back in Q4

Why is it in news?
  • According to the latest Projects Investment Survey by Projects Today, fresh investments rebounded strongly in the last quarter of 2020-21.
  • Both private sector and government-backed capital spending taking off sharply for the first time in the pandemic-hit year.
  • The government’s push for capital expansion finally translated into new projects getting off the ground rising 21.8% during the quarter.
  • Over 1,700 new government projects were announced in Q4.
  • Centre accounted for projects worth Rs. 76,185 crore and State agencies pushing projects worth Rs. 91,067 crore.
Source: The Hindu.

Posted by Jawwad Kazi on 12th Apr 2021