Construction industry plays an important role in the development of any country. It is a large sector of Economy of about Rs. 37 lakh crores (as per national accounts statistics, 2019-20). The construction industry in India consists of the Real estate as well as the infrastructure development segment. The Real estate segment consists of construction of residential & office etc. And the infrastructure development segment consists of government contracts such as irrigation contract, water supply, sanitation, and roads etc. Government of India been consistently allocating substantial portion of budget towards the infrastructure development.
Source Taxguru
