The figure of 41.6 per cent was higher than the pre-pandemic figure of 27.1 per cent in March 2019, showed a Business Standard analysis of data from the Ministry of Statistics and Programme Implementation (Mospi) on central infrastructure projects worth ₹150 crore or above.
The March 2023 figure of 56.7 per cent was the highest since 2004.
The rise in project delays came amid the government's increased thrust on infrastructure. A total of 1,873 projects were underway as of March 2024, compared to 1,405 as of March 2019.
Of the 779 projects delayed, 36 per cent were running behind schedule for 25-60 months, 26 per cent for 1-12 months, 23 per cent for 13-24 months, and 15 per cent for more than 60 months, averaging a three-year delay.
This story is from the May 16, 2024 edition of Business Standard.
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This story is from the May 16, 2024 edition of Business Standard.
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