India Infrastructure Market Set for Rapid Growth, to Reach around USD 2,552.4 Billion by 2021

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Summary

Infrastructure market in India expected to reach USD 2,552.4 billion in 2021, growing at a CAGR of 12.1% between 2016 and 2021.

Press Release

Zion Research has published a new report titled “Infrastructure Market for Residential/Non-Residential Construction, Energy and Utilities Infrastructure, Transport Infrastructure and Other Sectors: India Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021”. According to the report, the India infrastructure market was valued at USD 1,365.6 billion in 2015 is expected to reach USD 2,552.4 billion in 2021 and is anticipated to grow at a CAGR of 12.1% between 2016 and 2021.
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Tremendous growth in Indian Infrastructure industry is mainly due to rapidly growing manufacturing sectors and developing services, growing consumer demand (largely driven by augmented spending by India’s middle class) and government commitments to recover the economic conditions of India’s rural population and revive the agricultural sector.
Indian infrastructure sector is well poised to take a big leap and it presents several investment opportunities for foreign investors from across the world. Infrastructure development reflects the health of the economy of any nation as infrastructure is directly proportional to the growth and development of the country. Being a rapidly growing nation, India has always given higher importance to the infrastructure sector and it has received considerable attention from the government as well as private players.
The Indian government has unveiled plans to invest USD 137 billion in its rail network over the next 5 years, due to Prime Minister Narendra Modi’s aggressive approach to building the infrastructure needed to unlock faster economic growth.
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