Growth in the building material sector is also facing heat due to the COVID-19 impact. The sector’s growth has been substantially impacted due to muted real estate growth and it would see further decline due to COVID-19 outbreak. According to industry experts, the plumbing pipe segment will however be relatively less impacted followed by the […]
Continue Reading
While the novel Coronavirus or Covid-19 is spreading like wildfire its negative impact on Indian economy has started becoming visible. To contain the spread of this deadly virus a nationwide complete lockdown for 21 days has been announced and it has already spelled disaster for the struggling Indian economy. The outbreak of this virus and […]
Continue Reading
Against the backdrop of construction sector already witnessing credit pressure this fiscal, Covid-19 has emerged as another major challenge for real estate sector and its allied industries. Apart from slowdown in public spending, coupled with weak business sentiment, the construction sector is also facing a double whammy of labour shortage and working capital pressure, resulting […]
Continue Reading
In a move to provide relief and support the poorest citizens of the country who are the most vulnerable during the ongoing countrywide lockdown to curtail the spread of COVID-19, the Finance Minister of India, Nirmala Sitharaman announced a ₹1.7 lakh crore package, providing free food and cash transfers. She said the foodgrain ration for […]
Continue Reading
Currently, the Indian economy is facing weak investor sentiments and its adverse impact has left the real estate and the infrastructure sector gasping for breath. This situation is deeply worrying and there is no silver lining visible in immediate future since the RBI’s efforts to make the loans cheaper with a cumulative reduction in repo […]
Continue Reading