CONSEQUENCES OF ECONOMIC DOWNTURN ON CONSTRUCTION INDUSTRY AND ITS REMEDIES

The construction industry is most significant sec tor for development of any country. The state of construction industry directly reflects the stat e of economy of the country and has substantial effect on GDP growth. Our paper aims to study the consequences of economic slowdown on construction industry and to analyze various strategic initiatives taken by different construction fir ms to combat such times and to come out with remedial tactics in the form of conclusion which can be referred by construction firms to sail smoothly in the grave situation of economic downturn. Also to study the impact of Government interventions like FDI with policy liberalisation play an important role to combat economic downturn.