India's Infrastructure Projects See Rs 4.92 Lakh Crore Cost Overruns

India's Infrastructure Projects See Rs 4.92 Lakh Crore Cost Overruns

India's infrastructure projects have seen a significant cost overrun of Rs 4.92 lakh crore, according to the Ministry of Statistics and Programme Implementation. The cost overrun is attributed to various factors, including delays and changes in project scope. The ministry's data shows that the cost overrun is highest in the road sector, followed by the railways and urban infrastructure sectors. The cost overrun is expected to have a significant impact on the country's economy, particularly in the areas of infrastructure development and public spending. The government is expected to take steps to address the issue and ensure that infrastructure projects are completed on time and within budget.