New investment projects announced fell by 68% in FY21
New investment projects announced during the previous financial year fell by 68% on account of the Covid-19 pandemic and resultant nationwide lockdowns, Care Ratings said in a report.
The announced projects, which represent an intention to invest, amounted to Rs 5.18 lakh crore in FY21, the lowest since 2004-05 and down from the Rs 16.28 lakh crore announced in FY20, it said.
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02-2026
