New Delhi, Jan. 2 -- India's road construction execution witnessed a 12 per cent year-on-year decline during the first seven months of Financial Year (FY) 2026, even as the outlook for the operational toll road sector remains stable. According to a recent report by ICRA, the Ministry of Road Transport and Highways (MoRTH) completed 3,468 km of road construction between April and October 2025, down from 3,920 km in the same period the previous year.

For the full fiscal year 2026, execution is expected to moderate to a range of 9,000-9,500 km. This projected figure is marginally lower than the 10,660 km achieved in FY2025, which had already seen a 14 per cent contraction from the 12,349 km recorded in FY2024.

The National Highways Authori...