FACTS
The vital sphere of infrastructure is witnessing a massive shift in the process and mindset, and is expected to undergo a further change in the future. The construction industry is on the rise. The current trends point to improvement in the industry. The construction industry saw a spectacular growth of new jobs based on the impact across sectors including steel, cement, power, petroleum, aluminum, IT and ports, of the Indian economy and is poised for a strong performance.
SECTORS
There are jobs coming from skilled and unskilled spheres in it and the focus is always on the quality of efforts put in. The areas of residential construction and renovation are growing in a big way. There are orders from centre, states, and local firms too. There is a strong focus on developmental targets of economy.
PRIORITIES
At present infrastructure remains a top priority for addressing developmental gaps as it is considered to have great potentials to lift an economy out of financial crisis, and set a path of growth. The government pumps money to generate demands for goods and services, by creating jobs through higher spending in physical and social infrastructure. It has taken concrete steps, to revive every sector, and has initiated several initiatives to improve the conditions.
Read More:Improving Construction Employment Trends - A Review and Implications
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