Post-Pandemic Boom
Technology

Post-Pandemic Boom

Infrastructure is the backbone of the Indian economy and infrastructure development is key to the economic growth of our country. In 2019, Prime Minister Narendra Modi envisioned India as a $ 5 trillion economy, which would go on to become a global economic powerhouse by 2024-25. With this, India would become the third largest economy in the world. Fittingly, in this year’s Budget, the Government has given a huge emphasis to infrastructure aimed at achieving this goal.

While India has been working towards this phenomenal pace of economic growth and formulating growth strategies accordingly, nobody could have anticipated the COVID-19 pandemic, which emerged as the single biggest challenge in the history of the global economy. The construction industry, which represents 13 per cent of global GDP, has been significantly affected by the crisis. With the construction industry being interrelated, complex and collaborative, the resultant disruption of global supply chains and workforce adversely impacted the cost and schedule of infrastructure projects during the pandemic.

In this article, Amol Rodrigues, Director of Business Development-South Asia, Louis Berger, shares his perspective on whether COVID-19 could be the catalyst for digital adoption in the construction industry in India.

Click here to know more…

Infrastructure is the backbone of the Indian economy and infrastructure development is key to the economic growth of our country. In 2019, Prime Minister Narendra Modi envisioned India as a $ 5 trillion economy, which would go on to become a global economic powerhouse by 2024-25. With this, India would become the third largest economy in the world. Fittingly, in this year’s Budget, the Government has given a huge emphasis to infrastructure aimed at achieving this goal.While India has been working towards this phenomenal pace of economic growth and formulating growth strategies accordingly, nobody could have anticipated the COVID-19 pandemic, which emerged as the single biggest challenge in the history of the global economy. The construction industry, which represents 13 per cent of global GDP, has been significantly affected by the crisis. With the construction industry being interrelated, complex and collaborative, the resultant disruption of global supply chains and workforce adversely impacted the cost and schedule of infrastructure projects during the pandemic.In this article, Amol Rodrigues, Director of Business Development-South Asia, Louis Berger, shares his perspective on whether COVID-19 could be the catalyst for digital adoption in the construction industry in India.Click here to know more…

Next Story
Infrastructure Urban

Budget 2025: Key Highlights

On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. This marks the eighth budget by Sitharaman, making her the first finance minister in India’s history to present so many budgets. It is also the first budget of Prime Minister Narendra Modi’s third term.Sitharaman emphasised that the budget focuses on driving growth towards a “Viksit Bharat” (Developed India), with the country maintaining its position as the fastest-growing major economy. She outlined the government’s commitment to inclusive development, im..

Next Story
Infrastructure Urban

Budget 2025-26: Industry reactions

Union Finance Minister, Nirmala Sitharaman announced Budget 2025-26 today. The government has planned a number of strategic initiatives which will drive inclusive growth, boost economic growth and provide an impetus to to India’s competitive edge on the global stage.Here’s what industry has to say about various announcements and initiatives announced in the budget:Real Estate“The Union Budget 2025 is a game-changer, reinforcing India's commitment to inclusive and sustainable urban growth. The SWAMIH Fund 2 with Rs 15,000 crore will accelerate the completion of stalled housing projects, b..

Next Story
Infrastructure Urban

Budget 2025: Key Announcements Impacting Real Estate

Key takeaways for the real estate sector include:• Income tax relief for the middle class: The finance minister announced zero income tax for individuals earning up to Rs 12 lakh annually, providing a major consumption boost. This move is also expected to strengthen demand for affordable housing. Additionally, the new income tax bill will retain nearly 50 per cent of existing provisions while introducing personal tax reforms and rationalising TDS and TCS regimes by streamlining rates and thresholds.• Tax benefits for residential property investors: Investors can now claim nil valuation for..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000