India infrastructure projects lag behind political promises

Economic confidence ushered in by last year's election of a new government in India has yet to be backed by visible infrastructure developments, as spending fails to reach the promised levels.

New Prime Minister Narendra Modi announced last summer that he would increase spending on projects such as roads and ports by over 20 percent, to 5.75 trillion rupees, in the fiscal year through March 2015. In the nine months ending December expenditure amounted to 3.5 trillion rupees, a very similar level to the one reported in the previous fiscal year.

Read the rest of the article in the India Cement & Construction Materials Journal Magazine, Issue 22-23.