Supreme Court Orders Blanket Ban On Construction | India Development Debate
Development is the real casualty after the Supreme Court clamped down on construction activity in three states including Maharashtra, Madhya Pradesh and Uttarakhand. The blanket ban, which is the result of the states' failure to implement solid waste management systems, will bring to grinding halt construction activities, dealing a body blow to the real estate and allied sectors. Experts say the ban is unlikely to remain for long, even as states like Maharashtra prepare to challenge the order, but many fear that it will surely dampen the market sentiment. It will also put many people out of job, at a time when the Modi govt is facing criticism over jobless growth. Watch this India Development Debate as Supriya Shrinate discusses what this mega construction ban means to industry and economy.