With a strong and supportive economy, the country’s construction sector is expected to achieve its goal of doubling by the year 2021. Although government support and technological advancements are helping the industry, there are still challenges to be addressed for this growing sector. One such challenge is the expectation that building and construction related projects will result in significant job creation. Although experts forecasted a net gain of around 500,000 jobs in India over the next three years, some analysts believe that only half this number will be permanent. In any case, it seems that the demand for skilled construction labor in India will only increase and not contract, thus, leaving many small and upcoming companies wondering how to manage the burgeoning cost of labor.
Construction cost calculator