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According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Despite a notable improvement to 34 km/day in FY24 from 28 km/day in FY23, the National Highway construction pace was still below the 37 km/day recorded in FY21. This decrease was attributed to execution difficulties and a more competitive landscape.