Wake up; it’s time to face reality. Economic growth will at best touch 5 per cent. Government spending will be tepid and only a sharp decline in oil price could give the government more elbow room. The infrastructure spending of Rs.100 trillion in the next five years or the $5 trillion economy in the next […]
When, a couple of years ago, CW raised the question of whether India could be considered a construction equipment hub, many scoffed at the idea as our delivery on manufacturing was not considered competitive. Over the years, the logic morphed from addressing the needs of neighbouring countries to developing models specific to the needs of […]
The ¨ease of doing business¨ rankings released by the World Bank have indicated a minuscule improvement for India to a rank of 130 owing primarily to better points in ¨starting a business¨ and ¨getting an electricity connection¨. However, there has been no change in our abysmal ranking as far as ¨obtaining construction permits¨, ¨enforcing contracts¨ […]