Before the pandemic, the Indian construction sector experienced a period of GDP growth of more than 40%. The government set a lofty goal of a $5 trillion economy for 2025, based on all forecasts. Then a pandemic struck, and we wound up with an economic recession that reduced GDP. With the resumption of operations in…
Construction industry forecast An overview
2021-05-22T13:21:04+05:30Construction industry: Various sectors have been affected differently by the pandemic, and some have a more optimistic outlook than others. The pandemic initially hampered the growth of the otherwise thriving construction and real estate sectors. However, the industry quickly recovered in the second half of 2020. Despite supply chain challenges, migrant labor shortages, and liquidity…