Union Budget 2026-27: India's economy driven by investment projects

  Challenges  

> The government trails the private sector in the scale and value of new projects undertaken  

> Despite taking on a larger number of new projects, the private sector’s completion rate has failed to keep pace 

  Takeaways

  > An Infrastructure Risk Guarantee Fund will be set up to minimise risks in development, as private players’ new projects surpass those of the government 

> Infrastructure is among six core growth areas, yet government project completions have slightly declined compared to pre-Covid levels