Traffic moves along National Highway as road construction takes place in Bangalore, India. (Photographer: Namas Bhojani/Bloomberg)
The pace of building national highways in India may fall for the first time in six years in the ongoing fiscal because of a liquidity crunch, stricter lending norms and subdued awarding.Nearly 10,000-10,200 km of highways may be constructed in 2019-20, according to projections by the rating agencies ICRA and CARE Ratings. That’s a decline of about 6-8 percent over the previous year and nearly 90 percent of the Ministry of Road Transp...