Poll reveals industry worried about job creation
ECONOMY & POLICY

Poll reveals industry worried about job creation

Construction World and First Construction Council conducted a webinar on February 2 with industry leaders and analysts on their analyses of the Union Budget 2021-22. The 90-minute session was moderated by Construction World’s Editor-in-Chief Pratap Padode.

The panelists were:

Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co
Dip Kishore Sen, Director, L&T
Hemal Mehta, Partner, Deloitte India
Pradeep Singh, former Vice Chairman & MD, IDFC Projects
Sandeep Singh, MD, Tata Hitachi
Sumit Banerjee, former MD & CEO, ACC

The discussion saw interesting takes and insights on real estate, cement, steel and construction equipment industries with respect to the Union Budget 2021-22. The speakers decoded what the budget will allow in terms of funding and implementation of promised projects.

A live, online, in-house poll conducted during the webinar delved into some important questions regarding the budget.

Here is a graphical snapshot of the webinar poll results:

The first question asked the attendees what they were most worried about in the current times. Interestingly, 68% of respondents were worried about job creation in the wake of the recent pandemic. While 38% votes went to public spending and investment, and finance and loans. Followed by 30% for GDP growth and 32% for demand.

How satisfactory did the attendees find the budget? Results showed that 42% of the respondents were satisfied with the budget 2021-22. While 28% said they were somewhat satisfied and 22% believed that the budget could have been better. Whereas 8% of respondents were not satisfied with the budget.

Which sector, in their opinion, received the greatest attention after healthcare? Results indicated that 75% of the respondents thought it was infrastructure. While 12% voted for agriculture, followed by 8% for MSMEs and 5% for manufacturing.

Also Read: Budget 2021-22 for infra and construction: A snapshot
Also Read: Govt reveals core sector growth rates
Also Read: An Infra-Nirbhar Budget
Also Read: Infrastructure to boost employment

Construction World and First Construction Council conducted a webinar on February 2 with industry leaders and analysts on their analyses of the Union Budget 2021-22. The 90-minute session was moderated by Construction World’s Editor-in-Chief Pratap Padode. The panelists were: Deepto Roy, Partner, Shardul Amarchand Mangaldas & Co Dip Kishore Sen, Director, L&T Hemal Mehta, Partner, Deloitte India Pradeep Singh, former Vice Chairman & MD, IDFC Projects Sandeep Singh, MD, Tata Hitachi Sumit Banerjee, former MD & CEO, ACC The discussion saw interesting takes and insights on real estate, cement, steel and construction equipment industries with respect to the Union Budget 2021-22. The speakers decoded what the budget will allow in terms of funding and implementation of promised projects. A live, online, in-house poll conducted during the webinar delved into some important questions regarding the budget. Here is a graphical snapshot of the webinar poll results: The first question asked the attendees what they were most worried about in the current times. Interestingly, 68% of respondents were worried about job creation in the wake of the recent pandemic. While 38% votes went to public spending and investment, and finance and loans. Followed by 30% for GDP growth and 32% for demand. How satisfactory did the attendees find the budget? Results showed that 42% of the respondents were satisfied with the budget 2021-22. While 28% said they were somewhat satisfied and 22% believed that the budget could have been better. Whereas 8% of respondents were not satisfied with the budget. Which sector, in their opinion, received the greatest attention after healthcare? Results indicated that 75% of the respondents thought it was infrastructure. While 12% voted for agriculture, followed by 8% for MSMEs and 5% for manufacturing. Also Read: Budget 2021-22 for infra and construction: A snapshot Also Read: Govt reveals core sector growth rates Also Read: An Infra-Nirbhar Budget Also Read: Infrastructure to boost employment

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?