You are here: Home » Economy & Policy ¬Ľ News
BBNL's cancelled tender for connecting villages shows complexity in bidding
icon-arrow-left
India's mfg activities expand in Feb as output, new orders rise: PMI
Business Standard

Fall in rural wage, labour crunch in urban areas hit construction sector

Corporate players are expecting construction activity to pick up during the current quarter

Topics
Construction sector | Rural India | Labour cost

Shine Jacob & Deepsekhar Choudhury  |  Chennai/Bengaluru 



infrastructure
Some industry players also highlight the low-base effect waning as a reason for contraction.

Industry veterans feel a dip in rural wages, unemployment, unprecedented rains and labour shortage in urban areas are the key reasons for the contraction of 2.8 per cent in the during Q3. The construction sector’s figures were part of the GDP numbers released recently by the National Statistical Office (NSO).

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, March 02 2022. 06:10 IST

RECOMMENDED FOR YOU

.