The Construction industry in India consists of the Real estate as well as the Urban development segment. The Real estate segment covers residential, office, retail, hotels and leisure parks, among others. While Urban development segment broadly consists of sub-segments such as Water supply, Sanitation, Urban transport, Schools, and Healthcare. The Indian Construction equipment industry revenue stood at $ 6.5 Bn in 2020
Construction Industry received the 2nd highest FDI in the period 2000-2020
According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDIs in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activities stood at US$ 25.93 billion and US$ 23.99 billion, respectively, between April 2000 and December 2020.Market Forecast
By 2025, Construction market in India is expected to emerge as the third largest globally. By 2025, Construction output is expected to grow on average by 7.1% each year. The Construction Industry is expected to reach $1.4 Tn by 2025. India is expected to become the world’s third-largest construction market by 2022.The Indian construction industry is expected to register a growth of 13% in real terms in 2021 – following a decline of 12.4% in 2020. The employment-intensive construction industry should witness resumption in operations shortly though at a curtailed level. The construction industry is expected to post a sharp rebound and grow by at least 11.6% in 2021, according to several forecasts.