The value of new investment projects announced declined marginally by 6% year-on-year to Rs 10.2 lakh crore in the September quarter, even as the private sector held its share at a remarkably high rate of 87% in the first half of the current fiscal year, according to data from the Centre for Monitoring of Indian Economy. The decline in project value in Q2FY27 was on a low base (-3.1%); on a sequential basis, the fall was a sharper 48.5%. Coupled with this, a jump in the value of stalled projects (591% and 287% in Q1 and Q2 respectively) indicates a slowing of the investmet tempo and discounts the optimism about the new capex cycle which private sector is supposed to anchor.