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Steady Growth Expected in FY2026 India's construction sector is projected to grow at a pace of 7.0–7.5% in FY2026 , according to a recent outlook by ICRA , one of the country’s leading credit rating agencies. This follows a decade of consistent growth, with the sector recording an average annual expansion of 6.9% between FY2016 and FY2025 . The outlook remains “Stable” , underpinned by: A healthy pipeline of infrastructure projects Strong visibility in the order book Continued emphasis on public capital expenditure (capex) However, profitability improvements may remain subdued due to high competitive intensity and delays in project execution. Revenue Growth Estimates Revised Downward While the sector remains on a growth trajectory, ICRA has revised its revenue growth forecast for FY2026 to 6–8% , lower than the earlier estimate of 8–10% . This downward revision is attributed to: Slowdown in road-awarding activity , particularly by the Ministry of Road Transp...

ED Arrests Sanjay Badaya in Connection with  Jal Jeevan Mission Scam in Rajasthan The Enforcement Directorate (ED) arrested Sanjay Badaya on July 16 in connection with the Jal Jeevan Mission (JJM) scam in Rajasthan. Badaya, accused of playing a middleman in the scam, was taken into custody on Tuesday evening and later questioned at the ED's office in Jaipur. Ongoing Investigation and Previous Arrests Badaya's arrest marks the latest development in the ED's ongoing investigation into the JJM scam. So far, the ED has arrested three individuals in connection with the case. On June 19, Mahesh Mittal, a contractor, was apprehended as the third accused in the money laundering probe linked to the implementation of the Centre's Jal Jeevan Mission scheme in Rajasthan. The ED's Jaipur Zonal office arrested Mittal under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Details of the Scam According to the ED, Mahesh Mittal and others were involved in bribi...