The latest number crunching by Centre for Monitoring Indian Economy (CMIE) indicates that new investments are falling at a perilous pace. In 2011, it fell by 45% to Rs 10.5 lakh crore and same time last year it was at Rs 18.8 lakh core.
In an interview to CNBC-TV18, Mahesh Vyas, managing director and chief executive officer, CMIE said, slowdown in new investments announcement is is a short-term supply bottleneck. "Three important ingredients- coal, natural gas, and iron ore fell short very suddenly in 2011-12," he added. However, none of these are structural problems, Vyas said and expects these to get solved in the next year itself. Below is the edited transcript of VyasDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
