Material and Labor Trends in the Indian Construction Industry

Powerful Essays
Topics: Construction
Material and Labor Trends in the Indian Construction Industry
December 2011

Table of Contents
O Overview of the Indian Construction Industry

1

2

SWOT & Porters’ Five Force Analysis of Indian Construction

3

Cost Break Up of Construction

4

Material – Supply-Demand Dynamics & Price Trends

5

Alternate Building Material Awareness & Usage Levels

6

a

The Application of Innovative & Cost-Effective Building Technologies across India

7

Labor Outlook, Triggers & Wages in the Indian Construction Industry

8

Future Qualification and Skill Needs in the Construction Sector

9

Tackling Skill Shortage in India – Solutions

2

Material and Labor Trends in the Indian Construction Industry

Asia – Pacific region weathered the financial crisis better than other neighboring regions, with the domestic demand growing at a healthy pace and this serves as the best driving force for the construction industry. Asian Economies are currently leading the way for global Engineering & Construction sector and 40% of the global construction spend comes from APAC. Total construction spending in the Asia-Pacific region is expected to expand at a 5.8% compound annual growth rate (CAGR) from 2009-2014. India, which holds about 8% of the E&C spend in APAC, is expected to grow rapidly in the coming years. The overall construction spend in India is expected to increase to USD 360 billion by 2013.    The engineering & construction industry was one of the worst affected sectors due to recession and witnessed the highest number of job losses. Almost all countries excluding a few like China and India are still experiencing negative growth in this industry which is likely to continue till at least 2012. Maximum share of the stimulus spending by various countries is concentrated on the construction sector. For instance, India requires a spend of around USD 1.5 trillion on infrastructure to achieve a 10% economic growth rate. India along with

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