A Study on Growth and Development of Road Construction Projects in India

Abstract

The main aim of this research is to study on growth and development of road construction projects in India. The construction segment is a key driver for Indian economy. It is second biggest economic activity in India. The Indian construction industry in overall has been growing rapidly year after year owing to rises in national and global production capacity and industrial development over the past few years. The decision of central Govt. of India to agree hundred percent foreign direct investment in infrastructure segments has encouraged construction all over the country. The industry is critical to India's overall growth and benefits from the government's strong focus on implementing measures that will guarantee the country's superior infrastructure is built on schedule. The research concluded that worldwide Construction Futures, a significant analysis of the worldwide construction and engineering sector produced by a team of constructions researchers at Oxford Economics, predicts a promising future. Over the next 15 years, worldwide building output will increase from US$4.2 trillion in 2022 to US$9.7 trillion in 2022 and US$13.9 trillion in 2037. China, the United States, and India will be responsible for half of all work done in the global engineering and building sector by 2037, supporting the future growth economies of three nations that account for more than a third of humanity's population and revenue.