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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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