Swot Analysis Of Construction Industry
The private sector offers wide employment opportunities, particularly for those trained in architecture and construction/ project management. Large construction houses, multinationals, builders and promoter firms, real estate developers, and construction consultancy firms, also employ professional construction managers. The banking, and housing finance sector, also take in qualified construction managers to handle construction finance and project appraisal activities.
Latest developments • Indian Construction Industry is expected to witness effective investment over Rs. 10,000 bn during the 11th five year plan. The Construction is the second largest economic activity in the country next to agriculture. With its various links the Indian Construction industry has generated employment for 33 mn people in the country. In FY 08, Construction sector contributed about 8.5% to the country's GDP. Over past 3 years, construction as a %age of GDP has increased from 8.0% in FY 06 to 8.5% in FY 08. The multiplier factor between growth rates of construction and GDP has been about …show more content…
The Indian construction industry has been playing a vital role in overall economic development of the country, growing at over 20% Compound Annual Growth Rate over the past 5 years and contributing ~8% to GDP. • India's household income is rising sharply. The new evolution of middle income groups has supported the boom of construction industry. As a result of rising income and swelling middle class, India's per capita income has doubled over the past 20 years. With population growth of about 1.6% per annum and Gross Domestic Product (GDP), growth of 9% per annum, the per capita income is expected to quadruple by the year 2020. The average real income of urban India and rural India is likely to grow by 5.7% and 3.6% respectively by 2025. • Moreover, India's middle class is expected to expand by more than 10 times from its current size of 50 million to 583 million people in next 18 years. Therefore, all these estimates work out to make a strong case for higher home loan GDP ratio so that India and its population is able to keep a pace for meeting the demand for housing