{"id":27472,"date":"2022-04-08T13:48:36","date_gmt":"2022-04-08T08:18:36","guid":{"rendered":"https:\/\/plyinsight.com\/?p=27472"},"modified":"2022-04-12T13:35:16","modified_gmt":"2022-04-12T08:05:16","slug":"fall-in-rural-wage-labour-crunch-hit-construction","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/fall-in-rural-wage-labour-crunch-hit-construction\/","title":{"rendered":"Fall in rural wage, labour crunch hit construction"},"content":{"rendered":"<p>Industry veterans feel a dip in rural wages, unemployment, unprecedented rains and labour shortage in urban areas are the key reasons for the contraction of 2,8 per cent in the construction sector during Q3. The construction sector&#8217;s figures were part of the GDP numbers released recently by the National Statistical Office (NSO).<\/p>\n<p>Corporate players are expecting construction activity to pick up during the current quarter.<\/p>\n<p>However, many of them say that sectors like cement are not seeing demand rise compared to a normal fourth quarter, while input costs are on the rise.<\/p>\n<p><strong>\u201cThere was a dip in rural wages and a reduction of disposable money in the hands of people. Unemployment has also gone up and resulted in contraction and drop in rural demand. This was in addition to the Covid impact on the construction sector,\u201d<\/strong><\/p>\n<p>Based on government data, A decline was seen in non-farm wages that fell to 1.8 per cent from 7.9 per cent during April-November 2020.<\/p>\n<p>\u201cThe observed contraction is large because construction activity during the festive quarter (October- December) slows down due to construction labourers returning to their hometowns to celebrate festivals,\u201d<\/p>\n<p>\u201cSince it is a labour-intensive sector, the biggest raw material for the construction secotr is manpower. The working class in north India come back to work after Chath Puja. Hence, there was a serious impact on demand during the months of December and January. Rural consumption was sustainable for us, but the urban market was unpredictable,\u201d it was observed.<\/p>\n<p><strong>\u201cAs far as the construction sector&#8217;s contraction in Q3 is concerned, it does come as a surprise. But the low-base effect waning is also a reason for that. If we look at it sequentially, it continues to grow,\u201d<\/strong><\/p>\n<p><strong>\u201cOver a longer period of time, construction GDP is expected to pick up as mobility restrictions are eased and investment activity picks up,\u201d<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>\u0917\u094d\u0930\u093e\u092e\u0940\u0923 \u092e\u091c\u0926\u0942\u0930\u0940 \u0918\u091f\u0928\u0947 \u0938\u0947 \u0928\u093f\u0930\u094d\u092e\u093e\u0923 \u092a\u0930 \u0905\u0938\u0930<\/strong><\/span><\/p>\n<hr \/>\n<p>\u0909\u0926\u094d\u092f\u094b\u0917 \u091c\u0917\u0924 \u0915\u0947 \u0926\u093f\u0917\u094d\u0917\u091c\u094b\u0902 \u0915\u093e \u092e\u093e\u0928\u0928\u093e \u0939\u0948 \u0915\u093f \u0917\u094d\u0930\u093e\u092e\u0940\u0923 \u092e\u091c\u0926\u0942\u0930\u0940 \u092e\u0947\u0902 \u0915\u092e\u0940, \u092c\u0947\u0930\u094b\u091c\u0917\u093e\u0930\u0940, \u0905\u092a\u094d\u0930\u0924\u094d\u092f\u093e\u0936\u093f\u0924 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\u092f\u0939 \u0906\u0936\u094d\u091a\u0930\u094d\u092f\u091c\u0928\u0915 \u0930\u0939\u093e\u0964 \u0932\u0947\u0915\u093f\u0928 \u0915\u092e \u0906\u0927\u093e\u0930 \u0915\u093e \u0905\u0938\u0930 \u0916\u0924\u094d\u092e \u0939\u094b\u0928\u093e \u092d\u0940 \u090f\u0915 \u0935\u091c\u0939 \u0939\u0948\u0964 \u0905\u0917\u0930 \u0939\u092e \u0915\u094d\u0930\u092e\u093f\u0915 \u0906\u0927\u093e\u0930 \u092a\u0930 \u0926\u0947\u0916\u0947\u0902 \u0924\u094b \u0935\u0943\u0926\u094d\u0927\u093f \u091c\u093e\u0930\u0940 \u0939\u0948\u0964<\/strong><\/p>\n<p><strong>\u2018\u2018\u0932\u0902\u092c\u0940 \u0905\u0935\u0927\u093f \u092e\u0947\u0902, \u0928\u093f\u0930\u094d\u092e\u093e\u0923 \u091c\u0940\u0921\u0940\u092a\u0940 \u092e\u0947\u0902 \u0924\u0947\u091c\u0940 \u0906\u0928\u0947 \u0915\u0940 \u0909\u092e\u094d\u092e\u0940\u0926 \u0939\u0948 \u0915\u094d\u092f\u094b\u0902\u0915\u093f \u0917\u0924\u093f\u0936\u0940\u0932\u0924\u093e \u092a\u094d\u0930\u0924\u093f\u092c\u0902\u0927\u094b\u0902 \u092e\u0947\u0902 \u0922\u0940\u0932 \u0926\u0940 \u091c\u093e \u0930\u0939\u0940 \u0939\u0948\u0902 \u0914\u0930 \u0928\u093f\u0935\u0947\u0936 \u0917\u0924\u093f\u0935\u093f\u0927\u093f \u0924\u0947\u091c \u0939\u094b \u0930\u0939\u0940 \u0939\u0948,\u2019\u2019<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Industry veterans feel a dip in rural wages, unemployment, unprecedented rains and labour shortage in urban areas are the key reasons for the contraction of 2,8 per cent in the construction sector during Q3. The construction sector&#8217;s figures were part of the GDP numbers released recently by the National Statistical Office (NSO). Corporate players are [&hellip;]<\/p>","protected":false},"author":1,"featured_media":27530,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2524],"tags":[1352,1815,1144,603,2126,2599,1565,449,1234,2600,1189,2597,2601,2595,1657,2596,2598],"class_list":["post-27472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-april-articles-2022","tag-city","tag-company","tag-construction","tag-economy","tag-employment","tag-factories","tag-industrial","tag-industry","tag-job","tag-jobs","tag-market","tag-national-data","tag-placemets","tag-rural","tag-rural-areas","tag-ruralwages","tag-urban-areas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fall in rural wage, labour crunch hit construction - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/fall-in-rural-wage-labour-crunch-hit-construction\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fall in rural wage, labour crunch hit construction - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"Industry veterans feel a dip in rural wages, unemployment, unprecedented rains and labour shortage in urban areas are the key reasons for the contraction of 2,8 per cent in the construction sector during Q3. The construction sector&#8217;s figures were part of the GDP numbers released recently by the National Statistical Office (NSO). 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