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India's construction industry to make strong recovery following 14.9% contraction in 2020, says GlobalData
Architect and Interiors India
|October 2020
The industry is expected to post a sharp rebound and grow by 11.6% in 2021, owing to lower base and pent-up demand
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Driven by the unprecedented contraction of 50.3% in real terms in Q2, the Indian construction industry is expected to shrink by 14.9% in 2020. However, despite the prevailing gloomy situation, the industry is expected to post a sharp rebound and grow by 11.6% in 2021, owing to lower base and pent-up demand, says GlobalData, a leading data and analytics company.
This story is from the October 2020 edition of Architect and Interiors India.
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