Prime Minister Narendra Modi’s efforts to push delayed infrastructure projects are paying off.
About a quarter of 1,201 projects valued at 16.9 trillion rupees ($262 billion) were delayed as of January, down from 43 percent two years back, according to a government report seen by Bloomberg News.
Cost overruns have also come down to 11 percent from 20 percent from March 2015. Of the total projects — each worth at least 1.5 billion rupees — 329 are running behind schedule, 293 have cost overruns, while 95 have both time and cost overrun compared to their original implementation schedules. Read More…
Credit By : Bloomberg Quint
Latest posts by Bloomberg Quint (see all)
- Oil Spike Sends India Rupee Tumbling to One-Month Low - April 22, 2019
- NHPC Eyes Foreign Funds To Expand Hydel Power Capacity - April 16, 2019
- Climbing Oil Prices Put India’s Benign Inflation Outlook at Risk - April 12, 2019