INDIAN CONSTRUCTION INDUSTRY AT A GLANCE IN 2018 - 2019 Industry Scenario
The Indian construction industry contributes 55% share in the Steel industry, 15% in the Paint industry and 30% in the Glass industry. The activities that registered the highest growth include export cargo (10%), highway construction/widening (9.8%), power generation (6.6%), import cargo (5.8%) and cargo at major ports (5.3%).
Forecast
The Construction industry in India is expected to grow at 5.6% during 2016-20, compared to 2.9% during 2011-15. The Construction industry of India in value terms is expected to record a CAGR of 15.7% to reach $ 738.5 bn by 2022. India will be required to spend $ 454.8 bn on infrastructure development over the period of five years (2015-20), with 70% of funds needed for power, roads and urban infrastructure segments. By 2025, Construction market in India is expected to emerge as the third largest globally. The Construction output is expected to grow on average by 7.1% each year.By 2020, Construction equipment industry’s revenue is estimated to reach $ 5 bn.