MarketResearchReports.Biz announces addition of new report “Construction in India - Key Trends and Opportunities to 2017” to its database
- This report provides detailed market analysis, information and insights into the Indian construction market, including:
- The Indian construction market’s growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within India
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the Indian construction market
- Assessment of the competitive forces facing the construction industry in India and profiles of the leading players
- Data highlights of the largest construction projects in India
The Indian construction industry increased in value at a CAGR of 15.10% during the review period. This growth was supported by the country’s expanding economy, increased government spending on public infrastructure, high urbanization and a supportive foreign direct investment (FDI) system. Construction industry growth is expected to remain strong over the forecast period, as a result of the government’s commitment to improving the country’s infrastructure.
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The infrastructure, industrial and commercial construction markets collectively accounted for 74.2% of the total Indian construction industry in 2012. Consequently, the contribution of these three markets will be significant to the overall Indian construction industry growth over the forecast period. The Indian construction industry’s output is expected to record a CAGR of 15.45% over the forecast period.
The general outlook for construction activity during the five-year forecast period is positive. Construction activity in the residential market will be driven by demand side factors, such as the growth in nuclear families and the rising urbanization rate, as well as government support and state investment in affordable housing schemes.
- This report provides a comprehensive analysis of the construction industry in India:
- Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in India using the construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
- Analysis of key construction industry issues, including regulation, cost management, funding and pricing
- Assessment of the competitive environment using Porter’s Five Forces
- Detailed profiles of the leading construction companies in India
To Buy The Copy of This Report Visit: http://www.marketresearchreports.biz/analysis/167807
- India’s economic growth is estimated to have slowed to 5.1% in 2012-2013, the lowest rate in a decade. This was caused by inadequate infrastructure, sluggish investment growth and policy paralysis. It is expected to improve marginally in 2013-2014. However, with a possibility of recovery in global economic growth and an expected improvement in business sentiment, India’s GDP growth is expected to improve in the following three years and will expand to between 6% and 7.5% a year.
- The government’s budget deficit widened from the equivalent of 5.1% of GDP in 2010-2011 to 6.1% in 2011-2012, as revenue receipts contracted by 4.5%. Despite a significant shortfall in revenue collection and sustained growth in expenditure, the government is optimistic about achieving a fiscal deficit target of 5.2% of GDP in 2012-2013 and aims to reduce the deficit to 4.8% of GDP in 2014-2015. However, Timetric forecasts that government expenditure growth will remain high and the sluggish economic performance will act as a drag on revenue growth.
- Construction activity has been unstable in recent quarters, with annual growth increasing to 10.9% in the second quarter of 2012 before dropping to 5.8% in the fourth quarter of the year. As overall economic growth has been fairly weak, slipping to a low of 4.5% on an annual basis in the fourth quarter of 2012, there are still concerns over the short-term prospects for the Indian construction industry, with developers in the commercial and residential property space likely to continue to struggle. Other problems, such as difficulties in land acquisition and securing environment clearances, could impact negatively on construction growth.
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