Modi's Flagship India Projects Starved for Cash, Report Says
- Smart Cities initiative spent just 1.8 percent of allocation
- Parliamentary report says India must ‘get its act together’
Indian Prime Minister Narendra Modi
Photographer: Jason Alden/BloombergThis article is for subscribers only.
India’s flagship government initiatives have barely spent any of the money allocated to them, a parliamentary committee has reported, raising questions about the on-the-ground implementation of Prime Minister Narendra Modi’s most high profile national programs.
Although India’s government insists the figures are wrong, a report from the parliamentary standing committee on urban development said Modi’s six top infrastructure initiatives spent on average just 21 percent, or $1.2 billion, of the $5.6 billion allocated.