Where have all the investments gone?
CMIE’s CapEx database has thrown up three disturbing signals. The first is that the pace of announcement of new investments has fallen substantially. New investment announcements amounted to R2.63 trillion in the quarter ended March, 2011. This was lower than the R2.92 trillion in the preceding quarter, which, in turn, was lower than the R3.57 trillion worth of new announcements made in the earlier quarter.
Read Full Story>>