As of January 2024, a report from the Ministry of Statistics and Programme Implementation reveals that 431 infrastructure projects in India, each requiring investments of ₹150 crore or more, are plagued by a cost overrun exceeding ₹4.8 lakh crore. Among the 1,821 scrutinized projects, 780 face delays. The original cost of these ventures was ₹26.1 lakh crore, now anticipated to reach ₹30.9 lakh crore, showcasing a substantial 18.41% cost increase. The report attributes delays to factors like land acquisition challenges, environmental clearances, and the aftermath of COVID-19 lockdowns. Concerns are raised about underreporting, as project agencies often neglect revised estimates and commissioning schedules.
India’s Infrastructure Projects Face ₹4.8 Lakh Crore Overrun, 431 Projects Impacted
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