Resuming Construction Activities : Post Covid-19
The governments of all countries are relentlessly trying to contain the spread of Covid-19 virus and many developed nations have experienced difficulties on several fronts to control it. Coronavirus has hit the entire world severely and industries like banking, IT, retail, auto, real estate are struggling due to loss of customers and cash crunch. As per an analysis by KPMG, construction sector in India is experiencing loss to the tune of Rs. 30,000 crore per day due to the lockdown. Though the country has been under lockdown for over 40 days, its repercussions may last for few months. The industry is set to experience a major change due to reasons directly related to the pandemic as also possible pressure on account of likely non-availability of skilled and unskilled workers, demand for higher wages, bank interest rates, cautious lending by banks and NBFCs and various macroeconomic factors.