describe the role of construction industry in national development​

Answers 2

Explanation:

The Construction industry of India is an important indicator of the development as it creates investment opportunities across various related sectors. With a share of around 8.2%, the construction industry has contributed an estimated ₹670,778 crores (US$ 131 billion)[1] to the national GDP at factor cost in 2011–12.[2] The industry is fragmented, with a handful of major companies involved in the construction activities across all segments; medium-sized companies specializing in niche activities; and small and medium contractors who work on the subcontractor basis and carry out the work in the field. In 2011, there were slightly over 500 construction equipment manufacturing companies in all of India.[3] The sector is labor-intensive and, including indirect jobs, provides employment to more than 49.5 million people. The construction sector is visualized to play a powerful role in economic growth, in addition to producing structures that adds to productivity and quality of life. economic development is a term that economics politician and other have used frequently in the 20th century, modernization westernization and specially industrialisation are other terms people have used while discussing economic development. economic development has a direct relationship with the environment. government undertaking to meet go abroad economic objectives such as price stability, high employment and sustainable growth, such efforts include financial and economic policies, regulations of financial industry trade and tax policies

Answer: The primary role of construction technology as it relates to National development relates to the cost to build structure and large Road systems.

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