Project Delays are costing India dearly

Project Delays are costing India dearly

Mere announcements are misleading

It’s just not fine to announce projects that do not see the light of the day and keep misleading the generations.

It rains multi-crore project announcements during the elections. As we have been discussing India has been on a perennial election mode. And for the BJP, every meet or public rally is a campaign rally because for it winning an election is of topmost priority. Fair enough. It is part of democracy. While listening to the rain of projects in various parts of the country, one question struck my mind – how many of these projects actually see the light of the day.

The Ministry of Statistics and Programme Implementation monitors projects costing over Rs 150 crores. And its data for September 2022 shows as many 1520 projects will have cost overruns from the estimated 21,25,851.67 crore to completion cost of Rs 25,78,197.18crore or a 21.28% cost escalation. The expenditure incurred on these projects till September 2022is 13,78,142.29 crore, which is 53.45%of the anticipated cost of the projects.

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