ConstructionWorld.in India has planned thousands of kilometers of new highway projects, yet only a fraction of them have been completed. Related Links: Inside Gurgaon, Indias Bustling Commercial Hub Will India's Cheap Labor Last Forever? In India, Small Backhoes Mean Big Business India's construction market in 2012 swallowed a bitter cocktail of policy paralysis, tight liquidity, rising inflation and increased activism, bringing double-digit economic growth in 2010 to an estimated rate of less than 6% this fiscal year. For many firms, this feels like a recession. The present economic crunch and inflationary pressures are adversely affecting workloads in the infrastructure sector.
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.