Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit
 
 
« News Headlines »
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…

PwC: Global construction growth to outpace GDP this decade
March, 04th 2011

Global construction will outpace GDP growth over the next 10 years, with China and India accounting for 38 percent of the $4.8 trillion increase in output by 2020, PricewaterhouseCoopers (PwC) said on Thursday.

After overtaking the US as the biggest construction market in 2010, China's construction sector will more than double in size to $2.5 trillion by 2020, accounting for a fifth of world construction, PwC said, citing a report it sponsored.

Emerging markets, with their fast-growing populations, accelerating urbanisation and robust economic growth, will account for 55 percent of global construction by 2020, up from 46 percent today, PwC said.

The study, conducted by market research firms Global Construction Perspectives and Oxford Economics, forecasts that $97.7 trillion will be spent on construction globally during the next decade and the sector will expand by 5.2 percent on average every year, outpacing global GDP growth.

The construction sector worldwide currently accounts for more than 11 percent of global GDP and the report predicts that it will account for 13.2 percent of world GDP by 2020.

Just seven countries -- China, India, the United States, Indonesia, Canada, Russia and Australia -- will account for 65 percent of the growth in global construction to 2020, PwC said.

Spending on construction in India will overtake Japan, which faces the lowest construction growth among developed nations, by 2018, when India will become the world's third-largest construction market, PwC said.

US TO OUTPERFORM

Construction in most developed countries will be constrained by large public deficits, austerity programmes, slow population growth and limited economic expansion. The United States will be the exception thanks to its growing population, PwC said.

An estimated $14.5 trillion will be spent on construction in the U.S. by 2020, with growth averaging 7.8 percent per year over the next five years, driven by residential and non-residential markets, the PwC-sponsored report said.

But years of underinvestment in U.S. infrastructure are unlikely to come to an end soon given the swelling public sector deficits unless more private investment is used in procurement, the report added.

Canada and Australia will also lead construction growth in developed countries, boosted in particular by demand for natural resources and favourable demographics, PwC said.

The combined growth in construction in Canada and Australia will almost equal growth in the entire Latin American construction market, including Mexico, Brazil, Argentina, Chile and Colombia, indicating its less bright prospects, PwC said.

Natural resources will play a key role in the Middle East and North Africa, where $4.3 trillion will be spent on construction across the region over the next decade, representing growth of almost 80 percent to 2020, PwC said.

The outlook is less rosy for France, home of the world's largest public works group Vinci and largest cement maker Lafarge, as well as other Western European countries, which are set to register little construction growth.

Infrastructure in Britain will grow by less than 10 percent by the end of the decade, compared with growth of almost 135 percent in Asian emerging markets, the report said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions