India offers large-scale prospects for this primary industry. The Indian building industry is projected to be the third-highest in the world by 2025. In terms of size, the market is projected to hit USD 738.5 billion by 2022, with a CAGR of 15.7 percent.
Growth factors involve a range of building initiatives, such as the construction of 100 smart cities by 2020, 5 manufacturing clusters, the renovation of 25 train stations, a proposal for six mega ports, and a growing appetite for commercial property. The Government is also recruiting domestic and foreign companies to invest in infrastructure growth. The sector has been one of the significant priority fields.
Our India Competitive Intelligence team provides construction and infrastructure services that cover India's fast-growing demand across a wide variety of industries, including urban development, building digitalization, smart cities, sustainable infrastructure, green cities, construction materials, HVAC, and many more.