FIRST Infocentre, unveils what Budget 2011 has in store for the construction industry and what top players have to say. The Indian economy has apparently reverted to its pre-crisis growth trajectory in 2010-11. And this growth is more broad-based than seen in recent years.
The October-December 2010 quarter saw the highest growth in topline among the past five to six quarters, but profitability remained sluggish, with the quarter posting decline of five per cent in net profits.
The June-September 2010 has been the worst quarter for construction industry. Prolonged monsoon and heavy precipitation have impacted operations of infrastructure projects while governments, both at Centre and states, were slow in awarding new contracts, analyses.
As the process of formulating Budget 2011-12 began in right earnest, the Finance Ministry held Pre-Budget consultations with industry stalwarts and associations to get inputs and understand ground realities.