India’s transport sector budget to fall by 18% in 2014/2015

The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
February 19, 2014 Read time: 1 min
The Indian government has announced an 18% cut in transport sector spending in the 2014/2015 fiscal year. However, the government will allocate a higher proportion of the sector’s budget to complete transport projects in India’s north eastern states. Meanwhile, vehicle producers are giving discounts to boost India sales due to oversupply in the sector.
Highway & Network Management

Related Content

  • India’s road crashes increasing
    August 7, 2017
    India’s road safety problem continues to worsen. This has been revealed by new data from the Road Transport and Highways Ministry. The country’s road crash rate increased 4% over the last three years, according to the Road Transport and Highways Ministry. India has around 400,000 road crashes/ year while around 150,000 people are killed on the country’s roads. The problem is worsening as India’s vehicle population is also growing, increasing in size by 22% over the last three years. The news is a cause for
    Read More
  • India's US$100 billion highway investment
    May 29, 2012
    India intends to continue its massive investment in highway spending. Predictions for the next five years say that up to US$100 billion will be spent on road building in the country in the coming five years. The Ministry for Road Transport and Highways plans to build 35,000km of highways, with 60% being provided by the Government budget and 40% from the private sector. The Ministry of Road, Transport and Highways will open up tendering for nine highway projects. The National Highway Authority of India (NHAI
    Read More
  • India: Asian Development Bank to support rural road works
    April 28, 2015
    The Asian Development Bank (ADB) said it will provide around US$2 billion for constructing new rural roads in five Indian states, according to The Hindu newspaper. The projects in Assam, Madhya Pradesh, Odisha, Chhattisgarh and West Bengal states, will involve constructing and upgrading 31,000km of rural roads that will improve connectivity to more than 12,500 villages. The move will also provide more employment opportunities in the area, improve school enrolment and provides better remuneration for f
    Read More
  • New highway works planned for India
    February 10, 2025
    Major new highway works are planned for India.
    Read More

Highlighted Content