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New manufacturing projects decline in June 2023, shows CMIE data

By Sachin P Mampatta New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements

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New manufacturing projects decline in June 2023, shows CMIE data

New investment projects announced in the manufacturing sector declined in the three months ended June 2023. The value of new projects was lower than in the March quarter, as well as the year-ago period, shows data from project tracker the Centre for Monitoring Indian Economy (CMIE). The new project announcements worth around Rs 85,000 crore in the manufacturing segment in June were a 48 per cent decline from the Rs 1.6 trillion in March and a 66 per cent decline from the Rs 2.5 trillion seen in June 2022.

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New manufacturing projects decline in June 2023, shows CMIE data

New manufacturing projects: Decline comes after the pandemic surge took announcements to record high

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India news: How an emerging New India can change the sluggish Old India

There is Old India, and there is New India. Burdened by structural challenges, Old India has seen sluggish growth in recent decades. New India, built on the prowess of DPI and a burgeoning startup culture paints a picture of optimism. Leveraging the tools provided by New India, Old India can up its game and change the landscape of India as we know it.

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India is the investment destination of the decade : HSBC - The Hindu BusinessLine

India is the investment destination of the decade : HSBC - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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