Thursday, September 29, 2022

Editor's Space

A FORTUNE COOKIE?

 

A recent Bloomberg survey highlighted that India has a zero probability of facing a severe economic slump. What has kept the momentum going for India? Well, the WION analysts highlight that despite the Indian rupee touching a historical low against the US dollar, the Reserve Bank of India (RBI) has been able to keep the economy in good shape by increasing lending rates or repo rates by 90 basis points cumulatively in the various monetary meetings.

 

Coming back to our sectoral dynamics, according to a Boston Consulting Group Report, India will be the second-largest producer of construction equipment by 2030, with revenues growing to US$25 billion and volume of sales touching three lakh units, leading to the generation of 30 lakh new jobs. In fact, the construction equipment sales should breach the 2018 peak of around 100,000 units next year, paced by increased government spending on infrastructure projects.

 

Another interesting piece of update is that the Private equity (PE) investments into India’s real estate sector rose 28% year-on-year in the April-June quarter of the current fiscal (Q1 FY23), as per Anarock Capital’s FLUX report. The growth was driven by improved market sentiment, widespread vaccine coverage, and lifting of lockdown restrictions.

 

With the Central Government already pushing the infrastructure bandwagon from all the quarters and offering an incredible platform to progress for the construction fraternity, isn’t it the right and the poised time to take the brave move? Well, the Fortune Cookie is waiting for you to explore newer realms of growth on the back of a strong economic footing and the government’s much-needed support to strengthen and accelerate the growth momentum of the Indian construction sector.

 

Yes, the problems are far and wide, but the opportunities are also in abundance. It’s up to you, which fortune cookie you intend to explore and move past your competitors or rather collaborate to bring about a systemic change in the construction sector that is waiting for the BIG BANG TRANSFORMATION. The Choice is YOURS!




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