Capex concentration: Why ₹10 trillion in new projects doesn’t signal a broader revival


According to the Centre for Monitoring Indian Economy’s (CMIE) project-tracking database, new projects worth 10 trillion were announced in Q3 FY26, down from 10.5 trillion in the same quarter a year ago. However, announcements saw a steady quarterly progression within FY26, climbing from 8 trillion in Q1 to 8.6 trillion in Q2 and 10 trillion in Q3, largely on the back of private investment as government capex remained subdued. The data is provisional and may be updated later.


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