Modi Making Progress in Reducing Stalled India Projects
- Total value of projects before Project Monitoring Group falls
- Government doesn't track which projects dropped or completed
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Indian Prime Minister Narendra Modi’s government is claiming some success in clearing stalled investment projects.
The total value of stalled projects has fallen $15 billion since May, according to an official in the Project Monitoring Group, a government body established to monitor regulatory clearances. The pace of new projects coming before the group has also slowed, said the official, who asked not to be named due to government rules.