The Construction Industry of India at a Glance
The Indian construction industry is segmented into various components:
1. Residential Construction: Urban Development projects, Housing schemes and affordable and luxury apartments.
2. Commercial Construction: Business complexes, Shopping Malls, and Office Spaces.
3. Infrastructure Development: Construction of ports, airports, highways, and railway stations.
4. Industrial Construction: Building warehouses, factories, and manufacturing plants.
In the last two years, the industry has started recovering from these vicious impacts. India can reach great heights with smart strategies in place.
Key Statistics
- Before the pandemic, it was expected that the Construction industry would contribute about 10% to Indias GDP every year.
- It employs over 50 million people which makes it the second largest sector only after Agriculture.
- By 2025, the market size is estimated to reach $1.4 trillion.
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