Current Scenario of Construction Industry
(source : https://www.build-review.com/2019-how-can-the-uk-construction-industry-adapt-to-economic-and-political-change/ ) . . . The Construction industry plays a very important role in the development of India’s economy. This sector creates both employment and investment opportunities on a very vast scale. This industry is segmented, with the involvement of different major players in construction activities across all the areas. Being a labor-intensive sector, it includes both the direct and indirect jobs of more than 49.5 million people. The Indian construction market is expected to register a CAGR of 6% over the forecast period, 2019 – 2024. By 2025, the output of the construction industry of India is expected to emerge as the third-largest industry in the world. To be precise,34 Km of National Highways were constructed per day in the financial year 2020-21, which was 3 times higher, than the rate of construction of highways during the financial year 2014-15. After recordi