IBEF Report: The demand for effective leadership and management professionals increasing in the rapidly growing construction industry
New Delhi| One of the most important contributors to India’s gross domestic product (GDP) is the construction industry. According to the IBEF report released in 2021, the construction industry’s share in GDP is around 9 percent. According to the Confederation of Indian Industry, the size of the construction industry in India is expected to increase to reach $1 trillion by the year 2030.The Government’s very high focus on infrastructure development and affordable housing is also increasing the need for individuals with a strong understanding of business functions and management practices to effectively lead and manage construction projects.
Data shows that the value of MBA degree in India is particularly high in the field of built environment. The construction industry needs a skilled workforce with expertise in business management and technology. In such a situation, MBA degree prepares graduates as per the market needs and equips them with many new qualities, so that they can become a valuable asset for the Indian manufacturing industry.
As the Indian construction industry is growing, the demand for MBA degree holders is also increasing. MBA graduates are not only becoming successful in their careers but are also contributing in creating a more equitable and sustainable construction industry in India.
With the advent of new technologies like Generative AI and Large Language Model, the importance of MBA degree has increased further in the Indian construction industry, especially in the field of built environment. One of the main reasons for this is that the MBA program provides students with a comprehensive understanding of business functions such as accountancy, finance, marketing, operations and strategy. Which is important for businesses working in the Indian construction industry.
Additionally, the MBA degree also helps students develop important interpersonal skills such as leadership, communication, teamwork and cultural understanding. The Indian construction industry requires effective communication and teamwork from various stakeholders such as customers, regulatory authorities, contractors, consultants etc. as well as management of complex construction projects. The construction industry in India is quite diverse and involves working with people from different cultural backgrounds, equipping MBA graduates with the tools they need to work effectively in the Indian construction industry.
Amity University is playing an important role in preparing MBA graduates for the construction industry through its RICS School of Built Environment (RICS SBE). It was established in 2013, with the support of the installation, the Royal Institution of Chartered Surveyors (RICS), United Kingdom. RICS SBE with Noida and Mumbai campuses is conducting industry-led, internationally recognized programs of MBA in Construction Project Management, Construction Economics and Quantity Surveying, and Real Estate and Urban Infrastructure. Apart from this, it is also conducting BBA in Real Estate and Urban Infrastructure, PG Diploma and PhD programs in Facility Management. These programs are designed to prepare students for success in this changing field.
Not only this, RICS School of Built Environment also provides opportunities to students for internships, placements and live projects with leading companies. Its international exchange program helps enhance students’ global performance and career prospects. The programs, internationally recognized by RICS (UK) and the Project Management Institute (PMI – US), reflect the school’s commitment to educational excellence and shaping future leaders in the real estate and construction sector.
