Overview
India’s services sector has catapulted the country into economic superstardom, but it is the construction, infrastructure, and engineering sector that has the capability to take the country from developing to developed status.
Renewable sources of power such as solar and wind power have come into the limelight. Backing all this is India’s hunger for developing its creaking infrastructure. Massive funds have been poured into the infrastructure sector over the past two decades. The infrastructure sector has become a key driver for the Indian economy.
Nearly all infrastructure sectors present excellent opportunities, with roads and highways, ports and airports, railways, and power poised for exceptional growth as these are necessary conduits for commerce.
The engineering sector is related closely to the manufacturing and infrastructure sectors. In 2014, India became a permanent member of the Washington Accord in 2014, which is an international agreement with a group of 17 countries working on engineering studies and mobility. Foreign investment in the engineering sector has picked up as this sector enjoys favourable regulatory policies and has the benefit of a huge, highly skilled workforce.