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CAG Flags Procurement Delays, Retendering Practice Hinders India's $7 Trillion Economy Goal

Economy

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Published on 18th November 2025, 9:13 PM

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Author

Akshat Lakshkar | Whalesbook News Team

Overview

The Comptroller and Auditor General (CAG) has informed the finance ministry about concerns regarding the frequent cancellation and retendering of government projects. CAG stated this practice has become a major obstacle to India's ambition of reaching a $7 trillion economy by 2030, causing inefficiencies, higher costs, and delays. Recommendations include a central vendor registry and a standardized vendor rating system.