 "infrastructure")
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 construction sector during Q3. The construction sector’s figures were part of the GDP numbers released recently by the National Statistical Office (NSO).
Corporate players are expecting construction activity to pick up during the current quarter.
However, many of them say that sectors like cement are not seeing demand rise compared to a normal fourth quarter, while input costs are on the rise.
“There was a dip in rural wages and a reduction of
