MoSPI reports Rs 3.22 lakh crore cost overrun in projects
In short
MoSPI data show a cost overrun of about Rs 3,21,976 crore in 1,853 infrastructure projects across 17 ministries. The total project cost was revised to Rs 37,55,803 crore, and 47.21% has been spent so far.
This matters because it shows big cost pressures in India’s infrastructure build-out. The report does not say why the overruns happened for each project.
What the reporting says
MoSPI data show a cumulative cost overrun of about Rs 3,21,976 crore in infrastructure projects worth over Rs 150 crore, based on monitoring of 1,853 projects across 17 ministries. Total costs were revised to Rs 37,55,803 crore, and about 47.21% of the total project cost has been spent so far. The reporting points to large delays and overruns, while the reasons behind individual overruns are not stated.
Why it matters
MoSPI data show a cumulative cost overrun of about Rs 3,21,976 crore in 1,853 infrastructure projects worth over Rs 150 crore, according to a publisher-supplied summary. Total costs were revised to Rs 37,55,803 crore, and 47.21% of the total project cost has been spent so far. The immediate implication is that many large projects remain under execution with significant budget escalation. The reporting does not specify the causes of the overruns.