Government infrastructure spending sees steep fall in Q1
The Hindu
Fresh investments dip by 18% overall
The second wave of COVID-19 and a steep decline in new investment projects from government agencies dented fresh investment plans in the economy by 18% in the first quarter of 2021-22, compared to the previous quarter. Despite the government’s stated push for capital spending to revive the economy, public infrastructure investments almost halved compared to the January-March quarter, bringing total outlays on new infrastructure plans down by nearly 39% over April to June this year.
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