CareEdge Ratings predicts a 7-10% slowdown in the pace of National Highways construction in India, estimating around 31 km/day for the current fiscal year due to increased execution challenges. Despite a healthy 20% uptick to 34 km/day in FY24, the agency expects a decrease to 11,100-11,500 km in FY25. The pace remains lower than FY21's 37 km/day due to execution difficulties and competition. BOT-HAM remains the preferred mode of award, constituting around 55% of projects awarded during FY21-24.