Despite the geopolitical and economic upheavals of 2022, the Indian economy retained a steady growth rate, largely due to its unbending domestic demand and rapid infrastructure developments.
In 2023, amidst the possibility of a global slowdown and surging inflation, the FY23 Union Budget is once again expected to give a massive push to the construction and infrastructure industry. With the rising prices of raw materials, we look forward to continued support from this year's Budget with additional allocations and motivations, for the continued momentum of India's infrastructure development.
Finally, look forward to the government incentivizing greater adoption of digital technologies like BIM and cloud collaboration platforms, and mandate its use in key infrastructure projects, pushing the sector towards industry 5.0.
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