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Ministry of Roads Transport and Highways achieved a record capital expenditure in 2023-24, constructing 12,349 km of national highways. Despite exceeding capex targets, project awards and constructions fell short of initial goals. ....
Over 50% of economists in a recent Reuters poll said government spending would be the primary driver, with investment playing a pivotal role. However, there are doubts over whether private sector investment will increase in order to add to the government s capex push. Despite predictions, there may be downgrades on the back of the challenging global economic outlook. ....