Construction industry is an integral part of country’s infrastructure and industrial development. It is one of the core sectors of India’s economy. With rapid urbanization, industrialization and economic development, construction industry is poised for exponential growth. The construction sector as a whole grew at 7.2% during financial year 2008-09 compared to 10.1 % during financial year 2007-08. It constitutes 40% to 50% of India's capital expenditure on projects in various sectors such as highways, roads, railways, energy, airports, SEZs, irrigation etc.
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