New Delhi, Feb. 1 -- India continues to face significant infrastructure development challenges despite extensive government efforts, according to the 2024-25 Economic Survey presented to Parliament on Friday. The survey highlights that while the union government's capital expenditure on major infrastructure sectors has grown at a trend rate of 38.8% from FY20 to FY24, private sector participation remains limited in core sectors.

"India needs a continued step-up of infrastructure investment over the next two decades to sustain a high rate of growth," the report emphasises. The government's National Monetisation Pipeline (NMP) initiative has achieved transactions worth Rs.3.86 lakh crore against a target of Rs.4.30 lakh crore for FY22-24....