Skip to main content

India’s construction industry to grow strongly

Published by
World Cement,


India’s construction industry is expected to continue to grow at strong rates over the next decade, according to a recent research note from BMI Research. Growth will be underpinned by stable government support for infrastructure development, as well as expanded private sector involvement.

“We have a positive outlook for India’s construction industry and expect that growth over the next decade will draw upon increasing government and private-sector investments in infrastructure development, and resident and non-residential building,” the research firm said.

“Government support is exemplified in expansionary budgetary allocations for infrastructure projects and in regulatory reforms that are opening new sectors to private involvement and investment.”

According to BMI Research, India’s construction industry will see growth of 6.1% in 2018 – an increase on the 5% growth experienced in 2017, which was impacted by the Modi government’s programme of demonetisation. Real growth will average 6.2% between 2018 and 2027.

“Strong economic growth in India will also provide support for construction investment,” added the research company, boosting the government’s fiscal position and encouraging private investment. BMI Research recently revised its forecast for GDP growth in this financial year from 6.7% to 7.3%.

Read the article online at: https://www.worldcement.com/indian-subcontinent/14032018/indias-construction-industry-to-grow-strongly/

You might also like

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 

Hanson shares 2021 Sustainability Report

Hanson’s 2021 sustainability report highlights the company’s 2030 commitments and the progress made during the 2020 calendar year, despite the unprecedented challenges brought about by COVID-19.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

India cement news Cement news 2018