This investment is likely to create direct employment for at least 10,000 people in the state, said state Industries Minister Uday Samant on Monday.

This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

While recent data has raised hopes economies can still pull off a soft landing, last year's surge in inflation and the subsequent hiking of interest rates by central banks have many braced for economies to contract.