Research Report

The National Infrastructure Pipeline (NIP), launched in 2019 for projects above Rs.100crore, has scaled materially both in size and scope by March2026. The number of projects stands at ~14,563 against ~6,800 at inception, while the total investment rose by ~92% to ~Rs.213trillion from Rs.111trillion. Despite a moderation in project addition in FY2026 to 1,563 (around half of FY2025), the total project value remains elevated at ~Rs.28.4trillion, reflecting a shift towards larger-ticket projects.

• Investments under NIP remain highly concentrated in logistics, energy and power, construction (real estate-led), and water management comprising more than 80% of the ~Rs.213-trillion pipeline.
• Logistics infrastructure sustained the overall growth with cumulative investments reaching ~Rs.86trillion, despite fewer new awards.
• Energy and power investments stayed stable at ~18% of the total funding under NIP, with shifts toward oil and gas as well as energy storage.