For a developing country like India, infrastructure is predominant for the economic progress of the country. With India’s GDP projected at 7.8 percent in 2019, skilled professionals are the need of the hour to achieve a continued progression. Being a capital-intensive industry, construction is an imminent contributor to the national economy as the range of consumers of the construction market has varied over the years.
As per industry estimates, the size of India’s construction industry is expected to be USD 1 trillion by 2030 and contribute to 13 percent of the country’s GDP by 2025.
Considered as the fastest growing industry, construction is poised to become the largest employer by 2022, employing more than 75 million people.
With close to 1.5 million engineers graduating in India every year, the country needs approximately 4 million civil engineers on an average, over the next decade, to deliver potential real estate space and planned infrastructure.
Despite the legacy of civil engineering in India, and the huge requirement for qualified professionals working to develop the gaps in infrastructure and real estate, this field of study hasn’t flourished, with the construction sector seeing a 6.27 percent decline in employment according to a recent survey.
Raising skill levels, properly equipping the workforce, providing improved welfare, and ensuring greater safety on sites will motivate workers and empower them to raise productivity.
Challenges faced by the construction industry with regard to construction professionals:
1. Lack of skilled workforce
2. Remuneration not at par with other industries
Measures to be taken by Indian academic institutions:
1. Qualified faculty
2. Mentorship and training
3. Placement scenario
Measures to be taken by the construction industry in India:
1. Providing internships
2. Industry-academia collaboration
In a nutshell
The need of the hour, as the construction industry undergoes a paradigm shift, is for our youth to be guided on the right path and trained based on the creative possibilities this industry offers. This is the only way to stem the dropout ratio and ensure that a more skilled workforce enters the construction industry, thereby enhancing the national development and economic growth.