Modi Diktat Paying Off: India Infrastructure Projects on a Roll
- About a quarter of 1,200 projects running behind schedule
- Country needs to invest $646 billion to boost infrastructure
A man walks beneath a on overhead rail track for the Lucknow Metro developed by Lucknow Metro Rail Corp. in the Hazratganj area of Lucknow, Uttar Pradesh, India, on Tuesday, February 14, 2017. The success of the Samajwadi government's infrastructure projects has allowed them to hijack Indian Prime Minister Narendra Modi's mantra of development. Now it's possible the Bharatiya Janata Party (BJP) could lose India's most important state election, that began on Feb. 11., endangering further economic reforms and sapping Modi's momentum ahead of the 2019 national elections.
Photographer: Prashanth Vishwanathan/BloombergPrime 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.