REVIVAL 2020-21?

Real Estate

Exploring the state of the construction sector and its revenue outlook in a pandemic-hit fiscal, CW speaks to contractors on how COVID-19 has impacted operations and construction activities.
The extended lockdown to stem the COVID-19 pandemic has compounded India’s growth woes. Along with external risks such as weak global demand, supply disruptions and global financial shocks, the economy now faces factory shutdowns, reduced discretionary spending and 
a delayed capex cycle.
In Part 1 of this article, we explore the state of the construction industry, according to a CRISIL Research report.

Deconstructing a slump: CRISIL
The construction industry, which mirrors the economy, is consequently expected to take