Posted By:Infra Bazzar
The Infrastructure sector is a key driver for the Indian economy. Most of the major construction spending categories increased from July to September with indemnification of construction contracts but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the Associated General Contractors of India. This sector is highly responsible for overall development and intensive GDP growth for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country.
Construction spending in September 2016 totalled $24.3 billion at a seasonally adjusted annual rate, an increase of 0.5 percent from the August 2017 total and up 2.5 percent from a year earlier, Nitin Jairam Gadkari said. He noted that all major categories had gained for the month but private nonresidential and public construction totals were lower than a year ago, here are some key Investments in this sector that are listed below:
Top 5 construction contracts for construction spending increases were based on a comprehensive quantitative and qualitative analysis of the overall business performance of every company. It comprised peer comparison, order book analysis, assessment of the diversity of projects as well as execution capabilities of these companies Private residential construction spending increased 0.4 percent between August and September 11.6 percent over the year. Spending on multifamily residential construction grew 0.9 percent in August and 2.3 percent from a year ago, while single-family was up 0.3 percent for the month and 11.1 percent from the August 2016 rate.
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