Explanation:

Fresh investment announcements in the July-to-September quarter, the second quarter of 2023-24, have dropped to Rs.6.9 lakh crore, 13% lower than the first quarter, and 21.5% down from a year ago, driven by a sharp dip in proposed outlays by the Union government and foreign investors, and a broad-based contraction across the manufacturing, mining, infrastructure, and electricity sectors.