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Bharatmala: A Decade of Highways, A Reckoning of Capital
Economy Infrastructure Finance
Bharatmala: A Decade of Highways, A Reckoning of Capital
India built the world's fastest-growing expressway network. It also accumulated ₹3.49 lakh crore in debt, paid ₹1.75 lakh crore in interest that built nothing, and delivered a programme that cost twice what Cabinet approved. A complete financial forensic of Phase I — and what must change before Phase II begins.
28 March 2026
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