Dublin, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The "India Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Construction industry in India to expand by 7% in real terms in 2024, supported by government investment in enhancing transport infrastructure across the country.
The Indian Finance Minister, Nirmala Sitharaman, presented the country's Financial Year (FY) 2024-25 (April 2024 to March 2025) Budget on 1st February 2024. As part of the latest budget, the outlay for capital expenditure has been increased by 11.1%, to INR11.1 trillion ($135.4 billion) in FY2024-25; this is equivalent to 3.4% of the country's GDP.
The largest portion of the capital expenditure - equivalent to 24.5% or INR2.7 trillion ($33.2 billion) - has been allocated to the Ministry of Road Transport and Highways (MoRTH); this is followed by an allocation of INR2.5 trillion ($30.7 billion) to the Ministry of Railways. Among recent developments in the infrastructure sector, in February 2024, the Minister of Road Transport and Highways laid the foundation stone for 18 national highway projects in Karnataka, collectively worth INR61.7 billion ($742.1 million).
The construction industry in India is expected to record an average annual growth of 5.7% from 2025 to 2028, supported by investment in renewable energy and industrial projects. The government aims to achieve net-zero emissions by 2070 and install 500GW of renewable energy capacity by 2030, up from 190GW in March 2024.
The Ministry of New and Renewable Energy (MNRE) has been allocated INR128.5 billion ($1.5 billion) under the FY2024-25 Budget by the government, an increase of 25.7% over the FY2023-24 Budget. The government is focused on achieving its target of cutting carbon emissions to net-zero by 2070. To achieve this goal, the government announced in February 2024 that it will provide viability gap funding for harnessing offshore wind energy potential, for an initial capacity of 1GW.
Scope
- Historical (2019-2023) and forecast (2024-2028) 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-sector
- Analysis 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 consultants
Reasons to Buy
- Identify and evaluate market opportunities using the analyst'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 the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/tjpgg0
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