₹111 lakh crore, under the National Infrastructure Pipeline (NIP) during FY2020-25 is likely to face severe near-term headwinds due to the covid-19 pandemic.While the NIP looked ambitious and challenging even before the pandemic struck, it seemed achievable with the government's significant push for infrastructure.Credit ratings agency Icra said the pandemic has now made it a daunting task to achieve the target.
The government’s priority will be to fight the pandemic and the disruption it has caused. Given the fiscal constraints, investment in infrastructure may get pushed back, particularly by state governments.