Strong construction growth in India
By Andy Brown05 April 2018
The Indian economy grew at an annual rate of 7.2% in the final quarter of 2017, a growth helped by the construction sector.
India’s growth means that it is once again the world’s fastest growing major economy, as China grew by 6.8% over the same period.
The last quarter of 2017 saw the construction sector expand by 6.8%. The sector had experienced a slowdown recently, partly due to the country’s demonetisation policy of 2016, but experienced strong growth in the last quarter of the year.
The International Monetary Fund predicts India will grow by 7.4% in 2018 and by 7.8% in 2019.
Related Articles
The construction sector helps India become the world’s fastest growing major economy
The construction sector helps India become the world’s fastest growing major economy
The construction sector helps India become the world’s fastest growing major economy
The construction sector helps India become the world’s fastest growing major economy
Latest News
JLG’s X660SJ crawler boom offers operators a new solution for working at height
With equipment deliveries still a challenge, and acquisitions occurring at a steady clip, this year’s Telehandler30 looks quite different from years’ past
Industry invited to complete the survey
