The construction/infrastructure industry is generally considered as being the world’s largest industrial employer.
Total Annual Output worldwide – USD 3000 billion
Employment: 111 million employees
7% of total employment
The construction industry has a significant multiplier effect on the economy. It is considered that one job in construction gives rise to two further jobs in other parts of the economy. As a result, 20% of all employment may be linked to construction activities in some way.
It is estimated that 97% of all firms are in fact SMEs.
Global biggies in construction sector include Bechtel ($20.5 Billion), Fluor ($14 Billion).
India’s Infrastructure Sector In Construction Sector, India ranks 12 th globally and the industry is worth $50 billion. By 2012, it is forecasted to be a $320 billion industry. Of which 34% is estimated to be in Power Sector, 19% in Railways, 14% in roads and 33% in others. Private sector is expected to contribute 20% of the investment. It contributes 7% to our GDP. It accounts for 2% of the world’s construction market.