New Delhi, April 2 -- New project announcements dropped in the just-ended fiscal as the investment climate turned sour, particularly towards the end of the year, after the war in West Asia rocked global sentiment.

Fresh project announcements slipped 13% to Rs.44 trillion in the financial year 2025-26 (FY26), according to data from the Centre for Monitoring Indian Economy (CMIE). It almost erased 16% growth seen in the previous fiscal.

The slowdown was primarily driven by a 58% collapse in the government-led capex announcements, which had jumped 54% in the previous year. In contrast, private investment intentions fell 0.9%, following a rise of 4.3% and 1.2% in the previous two years. This reversal unfolded amid heightened geopolitical tu...