Construction Equipment Demand Forecast – 2014

Mumbai : The increased investment in different infrastructure sectors, is well expected to create huge demand for construction equipment across the value chain during the 12th Five Years Plan period, S.A. Faridi and P.P.Basistha report.

As per the recent estimates of Reserve Bank of India (RBI) and Asian Development Bank (ADB), the Indian economy is expected to grow @8.2 percent during 2011-12. The projected moderate growth of the economy is largely based on inflationary pressures, volatility in oil and on commodity prices, and this moderate growth in Indian economy is going to be one of the vital instances in world's financial history. This is just expected to keep the demand of Construction Equipment (CE) firm contrary to what it was during 2007-08.