The construction industry has come to a standstill due to the pandemic coronavirus impact. It is estimated that most of the construction sites are running at 50% of their run rate. This is because the fear of infection is keeping the workers’ attendance at less than 70%. As per the industry body, at present, there are close to 20,000 ongoing construction projects at the pan India level. These engage a workforce of around 8.5 million only in construction work. Some of these projects are delayed while others are cancelled owing to COVID-19. Besides, there are supply chain bottlenecks that result in reduced or no supply of equipment and materials including structural steel and glass from Asia.
To deal with the impact of COVID-19, the Finance Minister has announced some relief measures. The state governments are directed to use Rs. 31,000 crore welfare fund towards helping labourers in the construction industry.
The statistics below are taken from Industry data available pre-Corona virus impact.