Post-Pandemic Boom

Infrastructure is the backbone of the Indian economy and infrastructure development is key to the economic growth of our country. In 2019, Prime Minister Narendra Modi envisioned India as a $ 5 trillion economy, which would go on to become a global economic powerhouse by 2024-25. With this, India would become the third largest economy in the world. Fittingly, in this year’s Budget, the Government has given a huge emphasis to infrastructure aimed at achieving this goal.While India has been working towards this phenomenal pace of economic growth and formulating growth strategies accordingly, nobody could have anticipated the COVID-19 pandemic, which emerged as the single biggest challenge in the history of the global economy. The construction industry, which represents 13 per cent of global GDP, has been significantly affected by the crisis. With the construction industry being interrelated, complex and collaborative, the resultant disruption of global supply chains and workforce adversely impacted the cost and schedule of infrastructure projects during the pandemic.In this article, Amol Rodrigues, Director of Business Development-South Asia, Louis Berger, shares his perspective on whether COVID-19 could be the catalyst for digital adoption in the construction industry in India.Click here to know more…