Photo by Tudor Van Hampton for ENR Laborers sort through rebar arriving at One Horizon Center in Gurgaon, India. In the foreground, rebar cuttings wait to be hauled away for recycling. Related Links: In India, Small Backhoes Mean Big Business Inside Gurgaon, Indias Bustling Commercial Hub A global symbol of offshoring, India benefits from the massive availability of its workers, including throngs of tradesmen on the construction site. The growing Indian economy depends on the world's second-largest population—soon to become the world's largest, overtaking China, according to U.S. Census Bureau projections—to consume more products as its quality of life improves
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.