Construction In India : The latest Royal Institution of Chartered Surveyors (RICS) Global Construction Monitor for Q1 2022 indicates that the Indian construction business is still seeing high activity despite growing worries about the price and availability of materials.

Looking at responses across all sectors, this quarter’s workload increase was recorded by +38% of respondents, up from +29% in Q4 2021. The continuous emphasis on infrastructure projects, which was cited by 55 percent of respondents, is the key factor driving the increase in workloads. As almost half (44 percent) of respondents indicated an increase in workloads in this subsector. Respondents also expressed a strong commitment to transport infrastructure.

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Construction In India

However, despite the strength of the present workloads. India is seeing a slowdown in activity due to supply chain bottlenecks on a worldwide scale. In fact, this quarter +92% of respondents—equal to the average worldwide—reported that material costs. Constitute a key restriction on present activities. Also cited as a problem by nearly three-quarters (73%) of respondents are financial limitations. The availability of qualified workers and labour shortages elsewhere don’t appear to be getting better. As over two thirds of respondents continue to state that this is a problem that is sluggishing activities.

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