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Graphics Processing Units: "This demonstrates our vibrant and active engagement in AI development on an international scale," the X post read. "AI will be a defining opportunity for India to transform learning & health outcomes and improve human development indices."
Road construction in India is expected to slow down by 7-10% in FY 2024-25, with daily construction dropping to 31 km from 34 km in FY 2023-24, due to challenges in execution. Delays in receiving appointed dates and complexities in projects contribute to a longer completion cycle, hindering infrastructure development.
CareEdge Ratings predicts a 7-10% slowdown in the pace of National Highways construction in India, estimating around 31 km/day for the current fiscal year due to increased execution challenges. Despite a healthy 20% uptick to 34 km/day in FY24, the agency expects a decrease to 11,100-11,500 km in FY25. The pace remains lower than FY21's 37 km/day due to execution difficulties and competition. BOT-HAM remains the preferred mode of award, constituting around 55% of projects awarded during FY21-24.
Get latest articles and stories on Business at LatestLY. The pace of construction for National Highways in India witnessed an uptick in FY24, reaching 34 Km/day, albeit lower than the 37 km/day reported in FY21. Business News | National Highways Execution to Decline by 7-10 Per Cent in FY25.
The industry’s growth is driven by the health and motor insurance segments. However, compared to last year, there was a decline in growth due to a fall in liability, crop insurance and credit guarantee, while fire and marine segments reported subdued growth numbers compared to last year.