The country saw new projects investment growing at a respectable 14.4 percent during the second half of FY17. However, a three percent negative growth in the first half pulled down the overall growth rate to four percent during the year 2016-17.
The growth in projects investment was largely driven by Public sector agencies as the Indian Private sector has not yet returned to the project investment arena with full vigour.
A total of 10,410 new projects involving an aggregate projex of Rs 11,81,310 crore were announced in FY17. On a y-o-y basis, this indicated an increase of four percent; the lowest year-on-year increase recorded in fresh investment in the last five years. The highest growth of 37.5 percent was recorded in 2014-15.
The FY17 saw completion of 1,359 projects worth Rs 3,53,198 crore and stalling of 805 projects worth Rs 2,93,166 crore.