Investments see a sharp slide

NEW INVESTMENT proposals worth ` 76,838 crore were announced in December quarter, the lowest since the June 2004 quarter. According to the CMIE database, the announcement of new investment projects dropped sharply in fiscal 2017-18. In the first three quarters of 2017/18, just 1,721 projects with investments worth ` 4,01,935 crore were announced, registering a fall of over 50 per cent (in value terms) from the corresponding period of the previous year.