India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

India Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027
Summary

GlobalData expects the construction industry in India to expand by 7.5% in real terms this year, supported by the construction of major projects in the transport, energy, and housing sectors, coupled with the completion of significant infrastructure and housing projects ahead of the 2024 elections. Construction industry growth will also be supported by the 2023-24 Budget expenditure of INR45 trillion ($561.2 billion) - a 7.5% increase in comparison to the revised estimate for 2022-23. According to the Ministry of Statistics and Program Implementation (MoSPI), the construction industry’s value add rose by 7.9% year on year (YoY) in Q2 2023, preceded by Y-o-Y growth of 10.4% in Q1 2023 and 8.3% in Q4 2022.

The industry is expected to record an annual average growth of 6% from 2024 to 2027, supported by a strong pipeline of infrastructure and energy projects. According to the Infrastructure and Project Monitoring Division of the MoSPI—as of July 1, 2023—India had 1,646 projects in the pipeline, valued at INR28.6 trillion ($356 billion). Of the total, projects in the road transport and highway sector account for the highest number of projects in the pipeline, equivalent to 56.1%; this is followed by railways (10.8%), petroleum (8.7%), coal (7.6%), power (5.5%), and water resources (2.6%).

The report provides detailed market analysis, information and insights into the India’s construction industry, including -India’s construction industry's growth prospects by market, project type and construction activityCritical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the [Country Name] construction industryAnalysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.Scope

This report provides a comprehensive analysis of the construction industry in India. It provides -Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in India, featuring details of key growth drivers.Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sectorAnalysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.Listings of major projects, in addition to details of leading contractors and consultantsReasons to BuyIdentify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.Assess market growth potential at a micro-level with over 600 time-series data forecasts.Understand the latest industry and market trends.Formulate and validate strategy using GlobalData's critical and actionable insight.Assess business risks, including cost, regulatory and competitive pressures.Evaluate competitive risk and success factors.