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The Indian construction industry increased in value at a CAGR of 15.10% during the last fiscal. This growth was supported by the country's growing economy, increased government spending on public infrastructure, high rate of urbanization and a favorable foreign direct investment (FDI) system. Construction industry growth is expected to remain strong over the coming years, as a result of the government's commitment to improving the country's infrastructure.

The infrastructure, industrial and commercial construction markets collectively accounted for 74.2% of the total Indian construction industry in 2013. According to a forecast the value of the Indian Construction industry would grow by the equivalent of 15.5 per cent per year from 2013 to 2017. This is an even greater increase than the 15.1 compound annual growth rate seen from 2008 to 2012. The value of the industry is forecasted for about £534 billion in 2017.


Infrastructure construction in India is predicted to grow by the equivalent of 17 per cent per year as the government is planning to invest in energy, communications, rails and roads. Commercial work- another part of the Indian construction Industry is expected to grow at a CAGR of 15.1 per cent over the next five year period . Industrial construction is also expected to grow at 15.4 per cent to 2017. Institutional work including schools and hospitals is expected to grow by 14.9 per cent to 2017. Residential construction growth is expected to increase from a CAGR of 11.7 per cent in the last five years to one of 12.6 per cent to 2017.

The construction industry is a major contributor to the country's GDP and one of the largest employment generators currently employing around 33 million people. While the Indian economy grew by 5% in FY13 as compared to 6.2% in FY12, the construction industry grew by 5.9% in FY13 against 5.6% in FY12. According to a PwC report India is expected to emerge as the world's 3rd largest construction market by 2020. . The PwC report estimates that the market for real estate construction segment in India is likely to aggregate to approximately US$ 380 billion over the five year period, 2012 to 2016.

  INDIAN CONSTRUCTION INDUSTRY AT A Glance IN 2012 - 2013

  INDIAN CONSTRUCTION INDUSTRY AT A Glance IN 2011 - 2012

  Construction Chemicals Manufacturers' Association (CCMA)

  Indian Construction Equipment Manufacturers Association (ICEMA)

  Builders' Association of India (BAI)

 

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