Roads to Recovery
01 May 2020
It is not just an alarm bell but a veritable siren. According to the UN, the global economy could shrink by up to 1 per cent in 2020 because of the Coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth. A global recession is looming and the impact can only be mitigated somewhat by resumption of economic activity. Intrinsic to this is construction.
With the prolonged lockdown in India already hitting us where it hurts, is a rapid return to normalcy possible? From the construction and infrastructure perspective, the National Infrastructure Pipeline (NIP) announced by the government has laid out a spend of Rs102 trillion on projects from 2020 to 2025, with Rs.19,503.97 billion allotted for FY2020-21. This includes the roads sector, wh