Road execution in India is likely to grow 5-8 per cent to 12,500-13,000 km in the current fiscal, after recording a robust expansion of 20 per cent in 2023-24, rating agency ICRA said on Tuesday.
It added that the pace of execution in this fiscal will be supported by a healthy pipeline of projects, increased capital outlay by the government and focus on completion of projects by Ministry of Road Transport and Highways (MoRTH).
ICRA noted that road execution was impacted in the first half of FY24 on account of a prolonged monsoon in certain geographies, which affected productive days.
