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Indian companies began 2025-26 on a subdued note, with investment appetite for new projects sinking to one of the lowest in nearly five years. While the June quarter is often a quieter period, new government capital expenditure (capex) announcements were the lowest this year in at least a decade.
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JUNE TURNS QUIETER AS ANIMAL SPIRITS FADE
INTRODUCTION Investment sentiment takes a hit, with new project announcements dropping to a five-year low in the June quarter of FY26.
Indian companies began 2025-26 on a subdued note, with investment appetite for new projects sinking to one of the lowest in nearly five years. While the June quarter is often a quieter period, new government capital expenditure (capex) announcements were the lowest this year in at least a decade.
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