New project announcements by the Indian private sector surged to nearly a 15-year high in the first half of the ongoing financial year 2025-26, even as new government projects and those by foreign companies slumped during this period.

The value of new project announcements by governments in India — both Central and State — fell to at least a 15-year low in the first half of the current financial year, while those by foreign companies were at a five-year low.

An analysis by The Hindu of data from the Centre for Monitoring Indian Economy (CMIE) shows that the private sector announced projects worth ₹9.95 lakh crore in the April-September 2025 period, up 30.4% over the first half of the previous financial year.

Of this, it was the Indian private sector that did the heavy lifting, account

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