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India Construction Industry Report 2022: Industry is Expected to Register an Average Annual Growth of 6.2% During 2023-2026, Supported by Investment Under the 'Pradhan Mantri Gati Shakti Master Plan' - ResearchAndMarkets.com


The "India Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026" report has been added to ResearchAndMarkets.com's offering.

The Indian construction industry recorded growth of 17.1% in 2021, which was supported by a continued relaxation of restrictions and improving construction activity in the road and highways sector.

The publisher expects the industry to record growth of 5.8% in 2022, supported by increased government investment in transport, health, energy, and housing infrastructure sector under the Budget for 2022/2023, which will facilitate new public and private partnerships to develop large-scale projects in these sectors.

In December 2021, the Ministry of Road Transport and Highways of India (MoRTH) announced investment worth INR7 trillion ($92.4 billion) for infrastructure projects to be spent over the next 2-3 years. The industry's growth will also be supported by the government's plan to significantly increase the stock of affordable housing units for low- and middle-income cohorts, under the 'Housing for All' program by 2022.

Although the 2022/2023 Budget will significantly support the construction industry, soaring construction costs, delays in land acquisition and tendering and supply chain constraints could affect the progress of construction work in the short to medium term. Construction material costs are expected to rise further due to the current crisis in Ukraine, with rising energy costs impacting the energy intensive production of cement, bricks, and concrete

Between 2023 and 2026, the construction industry is expected to register an average annual growth of 6.2%, supported by investment under the 'Pradhan Mantri Gati Shakti Master Plan'. The industry's output will also be supported by investment of INR111 trillion ($1.5 trillion) under the National Infrastructure Pipeline (NIP), between the fiscal year (FY) 2020 and FY2025 (April 2019 to March 2025).

To raise additional financing to implement infrastructure development, the government launched the National Monetisation Pipeline (NMP) in August 2021. The plan focuses on raising financing from the private sector by leasing out state-owned infrastructure assets from FY2021/2022 to FY2024/2025, and investing the revenue generated on new infrastructure projects. Forecast-period growth will also be supported by the government's plan to complete the construction of 23 new highway and expressway projects by FY2024/2025, with an estimated investment of INR3.3 trillion ($46 billion).

Furthermore, as a part of the SagarMala project, the government plans to invest INR5.8 trillion ($82 billion) on port infrastructure and modernization projects between 2015 and 2035.

Scope

Reasons to Buy

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 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

4.2 Commercial Construction

4.3 Industrial Construction

4.4 Infrastructure Construction

4.5 Energy and Utilities Construction

4.6 Institutional Construction

4.7 Residential Construction

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/a8lw4c


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