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Private sector capital expenditure zooms 42% in Q2, shows CMIE data

But project completions slightly lower than in March quarter

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3 min read Last Updated : Oct 02 2024 | 12:18 AM IST

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Private sector companies announced the setting up of factories and other new projects worth Rs 4.1 trillion in the three months ended September, a 42 per cent rise from the year-ago period, according to data from project tracker Centre for Monitoring Indian Economy (CMIE).
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Coupled with government announcements of roads, railways, and similar new projects worth Rs 1.4 trillion, the total value of project announcements for the quarter reached Rs 5.49 trillion.?
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This comes after a lacklustre June quarter amid elections and the declaration of results that saw less than half of this value.

Project completions, however,

Topics : Capital Expenditure private capital expenditure

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