Projects worth Rs 11.36 trillion are stalled under the BJP govt. Here are the hard facts

The number of stalled projects went up under the BJP government and the numbers are alarming.

Under the PM Narendra Modi government, the number of stalled projects touched an all-time high with 893 ventures worth Rs 11.36 trillion held up due to lack of promoter interest, unfavourable market conditions and lack of funds.

As per the Centre for Monitoring Indian Economy (CMIE) data, which was accessed by ET, during the UPA government, there were 766 stalled projects in March 2014.

The number swelled up to 816 in 2014-15 and 893 by the end of 2015-16.

As per the data, new investments declined 25% to Rs 8 trillion in 2015-16 from Rs 10.64 trillion in 2014-15.

"Number of live projects whose implementation is stalled is at an all-time high in terms of value and aggregate numbers. Data also shows that projects being initiated is at an all-time low. In spite of 'Make in India' and 'Stand Up India' initiatives of the government, new investments are just not coming in adequately," Mahesh Vyas, managing director of CMIE, told ET.

He said, "UPA-I was extremely successful in ramping up investments compared to this government."

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