Steel, bitumen, geopolitics could slow India’s construction boom: ICEMA Vice President

India's construction equipment industry anticipates single-digit growth this financial year. Rising steel and bitumen prices are significantly impacting project economics. Geopolitical uncertainty and execution challenges also moderate industry expansion. Domestic sales saw a decline while exports demonstrated strong global competitiveness. The sector faces moderated fund disbursements and delayed contractor payments.

Raccontata daeconomictimes.indiatimes.com