Building a Diverse Future - Price: Rs. 2

Building a Diverse Future Embracing Diversity in India's Construction Industry
Embracing diversity and inclusion is not just about fairness; it’s about harnessing the full spectrum of talent and perspectives necessary for innovation and growth.
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The construction sector in India has long been a male dominated industry while women face significant barriers to entry and progression. Women represent just 12% of the industry workforce, with a mere 1.4% in technical and managerial positions and less than 2% in leadership roles. However, according to the India Construction Industry Report 2024, the sector is projected to grow at a rate of 5.7% from 2025 to 2028, driven by investments in hotel construction, industrial projects, green energy initiatives, and transportation infrastructure. This growth presents a golden opportunity to create a more diverse and inclusive workforce.

The Business Case for Diversity in Construction

Research consistently shows that diverse teams perform better. To quote some reputed publications – “Organisations with inclusive cultures are twice as likely to meet or exceed financial targets, six times more likely to be innovative and agile, and eight times more likely to achieve better business outcomes. Companies in the top quartile for gender diversity on executive teams are 25% more likely to have above-average profitability. Ethnically diverse executive teams outperform their peers by 36% in profitability.” These findings make it clear that diversity is not just a buzzword but a competitive advantage with tangible benefits for businesses and the economy.

https://www.tataprojects.com/2024/06/11/building-a-diverse-future-embracing-diversity-in-indias-construction-industry/