India’s Construction sector, valued at ₹14 trillion in 2023-24, is a key driver of economic growth, contributing 9% to the GDP. It supports urbanization, infrastructure development, and housing needs.
Why Invest in the Construction Sector
- Urbanization Growth: Rapid urbanization is driving demand for housing and commercial spaces.
- Infrastructure Projects: Mega projects like Bharatmala and Sagarmala boost the sector.
- Government Support: Policies like PMAY and Smart Cities Mission promote construction activities.
Incentives & Schemes
- Smart Cities Mission: ₹2.05 trillion allocated for urban modernization.
- PMAY (Housing for All): Targets affordable housing by 2024 with ₹8 trillion investment.
- National Infrastructure Pipeline: ₹111 trillion investment planned by 2025.
Highlights
- Job Creation: Employs over 50 million people, one of the largest employment providers.
- FDI Inflows: $26 billion in the construction development sector since 2000.
- Sector Expansion: Projected CAGR of 10.3% from 2024 to 2030.
Construction Sector Data
| Category |
Details |
| Market Size (2023-24) |
₹14 trillion |
| Contribution to GDP |
9% of India’s GDP |
| FDI in Construction |
$26 billion since 2000 |
| Affordable Housing (PMAY) |
₹8 trillion investment |
| Urban Population Growth |
40% by 2030 |
| Employment |
50+ million employed |
| Smart Cities Mission Investment |
₹2.05 trillion |
| Infrastructure Investment (NIP) |
₹111 trillion by 2025 |
| Sector Growth Rate |
CAGR of 10.3% (2024-2030) |
| Exports |
$2.2 billion in construction services |
