Dublin, March 08, 2024 (GLOBE NEWSWIRE) -- The "India Construction Industry Research Report 2024-2033" report has been added to ResearchAndMarkets.com's offering.
India's construction industry is experiencing a remarkable surge, fueled by the government's emphasis on infrastructure development, increased foreign investment, rapid urbanization, and the sector's own expansion. The momentum is further supported by Budget 2023, which prioritized the construction sector with a substantial allocation of nearly Rs. 10 trillion (US$ 120.5 billion) for infrastructure. In addition, the government's simplification of GST aims to strengthen the real estate sector, making it more resilient and accessible.
The publisher forecasts significant growth in the construction sector in 2023, primarily driven by government investments aimed at completing large infrastructure projects before the 2024 elections. In addition, investments in power, transportation, and housing projects are expected to further stimulate industry expansion in the following years. Moreover, the focus on investments in the renewable energy sector is in line with the government's target to increase renewable energy capacity by 2030, promising additional growth opportunities for the sector.
Foreign direct investment (FDI) is another key growth driver, with the government's liberalization policy allowing 100% FDI in almost all construction sectors. This move has made real estate the third largest sector for FDI inflows. Notably, between April 2000 and September 2022, India's construction sector attracted $26 billion in FDI for development purposes, with an additional $29 billion going into construction activities.
The market size of India's construction industry wass estimated to be around $778 billion in 2023. It is projected to grow at a compound annual growth rate of 6% from 2024 to 2033, reaching US$ 1.393 trillion in 2033.
Report Scope
- India Construction Industry Overview
- The economic and policy environment of the construction industry in India
- India construction industry market size, 2024-2033
- Analysis of major India construction industry manufacturers
- Key Drivers and Market Opportunities in India's Construction Industry
Key Questions Answered
- What are the key drivers, challenges and opportunities for the construction industry in India during the forecast period 2024-2033?
- Which companies are the key players in the India construction industry market and what are their competitive advantages?
- What is the expected revenue of India construction industry market during the forecast period of 2024-2033?
- What are the strategies adopted by the key players in the market to increase their market share in the industry?
- Which segment of the India construction industry market is expected to dominate the market in 2032?
- What are the main negative factors facing the construction industry in India?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 60 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $824.68 Billion |
| Forecasted Market Value (USD) by 2033 | $1393.28 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | India |
Key Topics Covered:
1. Overview of India
1.1 Geographical Situation
1.2 Demographic Structure of India
1.3 The Economic Situation in India
1.4 Minimum Wage in India 2014-2024
1.5 Impact of COVID-19 on the Construction Industry in India
2. Overview of India's Construction Industry
2.1 History of India's Construction Industry Development
2.2 FDI in India's Construction Industry
2.3 Social Environment of India's Construction Industry
2.4 Policy Environment of India's Construction Industry
3. India's Construction Industry Supply and Demand Situation
3.1 India's Construction Industry Supply Situation
3.2 India's Construction Industry Demand Situation
4. India's Construction Industry Import and Export Situation
4.1 India's Construction Industry Import Situation
4.2 India's Construction Industry Export Situation
5. Cost Analysis of the India's Construction Industry
5.1 India construction industry cost analysis
5.2 Charges for construction works in India
6. Market Competition of India's Construction Industry
6.1 Barriers to entry in the India's Construction Industry
6.1.1 Brand Barriers
6.1.2 Quality Barriers
6.1.3 Capital Barriers
6.2 Competitive Structure of India's Construction Industry
7. Analysis of Top 10 Construction Companies in India, 2023
- Larsen & Toubro
- Reliance Infrastructure
- Macrotech Developers
- Punj Lloyd
- Sadbhav Engineering
- Tata Projects
- Hindustan Construction Company
- Nagarjuna Construction Company
- Gammon India
- KEC International
8. India's Construction Industry Outlook, 2024-2033
8.1 Analysis of Factors Influencing the Development of the India's Construction Industry
8.2 Supply Forecast of India's Construction Industry, 2024-2033
8.3 Demand Forecast of India's Construction Industry, 2024-2033
8.4 Import and Export Forecast of India's Construction Industry, 2024-2033
For more information about this report visit https://www.researchandmarkets.com/r/j8b6ck
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