Over the past five years, India’s road network has expanded by 59 percent, becoming the second largest globally at over 6.7 million kilometers, surpassed only by the United States. This includes 1.46 lakh kilometers of national highways.
"India is currently facing an annual paucity of over 10 lakh project management professionals. Moreover, employability is also a key factor in this regard as most of the already employed workers in infrastructure space have not received any vocational training," an Assocham survey report said.
ICRA Research has come out with its report on road sector. According to the research firm, road sector in India continues to face multiple challenges in the form of execution impediments, financing constraints, optimistic traffic estimates and stressed financial position of the developers.
In an interview to CNBC-TV18, M Narendra, chairman, Indian Overseas Bank talked about the Non- Profit assets. He said NPAs will be lower in the second half as compared to the incremental NPAs in the first half.