Infrastructure & Construction Equipment Industry in India
Mr. Rajesh Nath, Managing Director, VDMA India
Mr. Ajmal Fawad, Business Analyst, VDMA India
Introduction
A well-developed infrastructure is a foundation for growth in any country, paving the way for a better quality of life and a rapid rise in gross domestic product (GDP), especially for developing countries such as India.Construction sector in India is considered to be the second largest employer and contributor to economic activity, after agriculture sector. Construction sector also accounts for most inflow of Foreign Direct Investment (FDI) after the services sector and employs more than 35 million people in the country. 50% of the demand for construction activities in India comes from the Infrastructure sector, while the rest comes from Industrial activities, residential and commercial development etc. Indian Construction Industry value is estimated to be more than $126 billion.
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NBM&CW December 2014
