Poll reveals industry worried about job creation
ECONOMY & POLICY

Poll reveals industry worried about job creation

Construction World and First Construction Council conducted a webinar on February 2 with industry leaders and analysts on their analyses of the Union Budget 2021-22. The 90-minute session was moderated by Construction World’s Editor-in-Chief Pratap Padode.

The panelists were:

Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co
Dip Kishore Sen, Director, L&T
Hemal Mehta, Partner, Deloitte India
Pradeep Singh, former Vice Chairman & MD, IDFC Projects
Sandeep Singh, MD, Tata Hitachi
Sumit Banerjee, former MD & CEO, ACC

The discussion saw interesting takes and insights on real estate, cement, steel and construction equipment industries with respect to the Union Budget 2021-22. The speakers decoded what the budget will allow in terms of funding and implementation of promised projects.

A live, online, in-house poll conducted during the webinar delved into some important questions regarding the budget.

Here is a graphical snapshot of the webinar poll results:

The first question asked the attendees what they were most worried about in the current times. Interestingly, 68% of respondents were worried about job creation in the wake of the recent pandemic. While 38% votes went to public spending and investment, and finance and loans. Followed by 30% for GDP growth and 32% for demand.

How satisfactory did the attendees find the budget? Results showed that 42% of the respondents were satisfied with the budget 2021-22. While 28% said they were somewhat satisfied and 22% believed that the budget could have been better. Whereas 8% of respondents were not satisfied with the budget.

Which sector, in their opinion, received the greatest attention after healthcare? Results indicated that 75% of the respondents thought it was infrastructure. While 12% voted for agriculture, followed by 8% for MSMEs and 5% for manufacturing.

Also Read: Budget 2021-22 for infra and construction: A snapshot
Also Read: Govt reveals core sector growth rates
Also Read: An Infra-Nirbhar Budget
Also Read: Infrastructure to boost employment

Construction World and First Construction Council conducted a webinar on February 2 with industry leaders and analysts on their analyses of the Union Budget 2021-22. The 90-minute session was moderated by Construction World’s Editor-in-Chief Pratap Padode. The panelists were: Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co Dip Kishore Sen, Director, L&T Hemal Mehta, Partner, Deloitte India Pradeep Singh, former Vice Chairman & MD, IDFC Projects Sandeep Singh, MD, Tata Hitachi Sumit Banerjee, former MD & CEO, ACC The discussion saw interesting takes and insights on real estate, cement, steel and construction equipment industries with respect to the Union Budget 2021-22. The speakers decoded what the budget will allow in terms of funding and implementation of promised projects. A live, online, in-house poll conducted during the webinar delved into some important questions regarding the budget. Here is a graphical snapshot of the webinar poll results: The first question asked the attendees what they were most worried about in the current times. Interestingly, 68% of respondents were worried about job creation in the wake of the recent pandemic. While 38% votes went to public spending and investment, and finance and loans. Followed by 30% for GDP growth and 32% for demand. How satisfactory did the attendees find the budget? Results showed that 42% of the respondents were satisfied with the budget 2021-22. While 28% said they were somewhat satisfied and 22% believed that the budget could have been better. Whereas 8% of respondents were not satisfied with the budget. Which sector, in their opinion, received the greatest attention after healthcare? Results indicated that 75% of the respondents thought it was infrastructure. While 12% voted for agriculture, followed by 8% for MSMEs and 5% for manufacturing. Also Read: Budget 2021-22 for infra and construction: A snapshot Also Read: Govt reveals core sector growth rates Also Read: An Infra-Nirbhar Budget Also Read: Infrastructure to boost employment

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Next Story
Infrastructure Energy

ASECOL Launches 50 MW Solar Power Plant in Chitrakoot

ASECOL, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The plant has a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kWh. This milestone increases AGEL's total renewable energy capacity to 3,520 MW, moving closer to its 25 GW target by 2025. With the successful commissioning of this plant, AGEL’s operational solar generation capacity exceeds 3 GW. The company’s total renewable capacity stands at 15,240 MW, including 11,720 MW under development. The facility..

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