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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.
Details:
- 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.