How Infra.Market is pushing transformation in construction
The Indian construction sector contributes significantly to India's GDP. In FY21, the infrastructure sector attracted about a 13% share of the country's total FDI inflows of USD 81.72 billion. The industry is also the country's second-largest employer, employing over 49 million people.
For India to achieve its target of becoming a USD 5 trillion economy by 2024-25, the construction and real estate sector has a pivotal role to play. However, the highly unorganized sector is battling poor supply chain visibility, inefficient logistics, significant price variation in materials, quality management, and project cost overruns. Due to this, many projects fail to deliver what they promise, delaying the successful completion of construction projects.