Delayed projects decline, but cost overruns rising, shows data

Although oil prices have fallen to around $105 per barrel, commodity prices are still high. The Bloomberg Commodity Index has remained above 120.
 

As prices are rising, so are expectations that the government may have to budget more for its infrastructure pipeline. Cost escalations are already a problem for the Indian economy, as cost overruns on delayed projects have been rising.

Data released by the ministry of statistics and planning (MoSPI) shows that until January, Rs 4.45 trillion was the estimated cost overrun on 1,671 projects — a 4 per cent increase over the last year.
 

A Business Standard analysis of