After dip in COVID-hit first quarter, investments recover
The Hindu
Manufacturing leads the charge, but irrigation and infra still a concern
Investment activity rebounded sharply between July and September after a dip in the COVID-hit first quarter of the year, lifting fresh investment commitments in the first half of 2021-22 by 13.5% over pre-pandemic levels, as per Projects Today’s latest survey on fresh investments.
The second quarter recorded around 15% growth in fresh investments compared to the previous quarter, with 2,669 new projects committing investments of over ₹3.84 lakh crore, spurred primarily by central public sector undertakings and some private investments.
Investments had declined sequentially by 18% between April and June as the second COVID wave triggered lockdown across States, but the lifting of restrictions as the wave ebbed has enabled resumption of capex activities across the country.
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