New Delhi, Jan. 3 -- India's road construction execution recorded a 12 per cent year-on-year decline during the first seven months of FY2026, according to a recent ICRA report.

The Ministry of Road Transport and Highways (MoRTH) completed 3,468 km of roads between April and October 2025, down from 3,920 km in the corresponding period last year.

For the full fiscal year, execution is projected at 9,000-9,500 km, slightly below the 10,660 km achieved in FY2025, which itself reflected a 14 per cent contraction from FY2024. The National Highways Authority of India (NHAI) had recorded a 16 per cent drop in execution in FY2025.

Stable Outlook for Toll Roads

Despite the slowdown in road construction, the operational toll road segment remains...