Budget 2021 is a clear indication that the government is paying emphasis on the development of Infrastructure in India at an enormous level.
The 2021 budget announced by the finance minister is a growth-oriented budget and the 9.5% fiscal deficit shows the focus on spending by the government which is the need of the hour. The significant increase in infrastructure spending will provide the much-desired fillip to this crucial sector. The built environment is the largest employment generating sector, for both blue-collar and white-collar professionals. For the last few years, we were witnessing a slowdown but the renewed focus on roads, rail, aviation etc. will be generating more employment opportunities for the entire spectrum of the Built Environment professionals. We can safely assume; it will be a big game-changer not only for the built environment but for the entire economy.
This budget providing a boost to the infrastructure sector where the budgetary allocation is evenly distributed in urban and rural areas helping in uplifting the infrastructure and construction sector. This can be ascertained by the government on providing / on starting metro rail services in 27 cities, construction of 118000 km of roads. 137% more allocation, than the previous allocations on health care infrastructure, will boost the built environment overall.
The real estate and infrastructure industry will see advances, and technology is expected to play a major part in its turnaround strategy. Professional expertise has always been in demand, but specialization would now be the gateway to employability. Young professionals who have a specific management degree that enhances role-specific skills will be more in demand.
This is the best time for graduates to consider a sector-specific MBA program as expertise would be a strong differentiator to give you an advantage over others and to ensure that you can gain benefit of emerging work openings.
There is expected to be an increased demand for various job roles in the Construction and Real Estate Sector such as Transaction Advisory Services, Business Development, Analyst, Leasing, Sales, Cost Management, Valuation, Asset Operations.