New investment announcements tanked in the financial year ended March 31, 2021. New investments announcements in manufacturing sector reduced by 17.1 per cent in FY21 as compared to FY20.
In mining sector, new investment proposals declined by 18.5 per cent in FY21 as compared to the previous fiscal.
This fall in new investment proposals is obviously the result of the massive economic shock of the corona virus pandemic. Investments announcements in service sector during FY21 declined by 86 per cent as compared to FY20.
Electricity sector investment announcements in FY21 were estimated to be Rs 83,597 crore, a Y-o-Y fall of 77.4 per cent.
Investment announcements in construction and real estate sector shrunk by 88 per cent in FY21 as compared to previous fiscal.
Irrigation sector saw 55 per cent lesser investment announcements in reduced during FY21 as opposed to the previous financial year.Shivani Sharma, Pragati Srivastava