How are India's roads funded? Investment in national highways down in FY22

The money spent on building roads has more than doubled since the financial year 2015-16 (FY16), though funding has often emerged as a challenge.

Private investment plays a limited role despite the recent increase, shows an analysis of data from rating agency Crisil. It accounted for less than a fifth of the expenditure in FY22, similar to levels seen in FY16 (chart 1).  

 

The data covers national highways, state and rural roads.

Road transport minister Nitin Gadkari recently spoke of the need for innovative methods to boost India’s infrastructure growth.

National highways have seen rising spends, except