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Once a month, Modi steps in to revive stalled projects

CMIE data shows stalled projects down to 7.6% of GDP in July-Sept from 8.5% in Jan-March

Reuters  |  New Delhi 

Prime Minister Narendra Modi is personally taking on India's notorious red tape to clear tens of billions of dollars worth of stalled public projects, hoping that his hands-on intervention can bend a vast, dysfunctional bureaucracy. Once a month, Modi holds a meeting with top state and federal bureaucrats to check why projects have not got off the ground. Since March this year, his intervention has helped revive nearly $60 billion in federal and state projects, according to government data through September seen by Reuters. Modi has won plaudits for the initiative that has ...

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First Published: Fri, October 30 2015. 08:35 IST