OTCQB:DGWR - Post by User
Comment by
lucia.santos16on Jun 24, 2011 7:51am
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Post# 18759906
RE: RE: IMPORTANCE OF INFRASTRUCTURE CONSTRUCTION
RE: RE: IMPORTANCE OF INFRASTRUCTURE CONSTRUCTION Construction is an important part of the industrial sector and one of the core sectors of India's economy. According to IHS Global Insight, US$175 billion was spent on construction in India in 2007 after growing 156% since 20005. Out of US$175 billion, US$140 billion was spent on nonresidential, and the remaining US$35 billion was spent on residential construction. Construction spending is expected to increase to US$370 billion by the end of 2013, with res- idential totaling US$63 billion and nonresidential registering US$307 billion.