About Construction Sector
Building the Future: Exploring Construction Investment Avenues in India
Dynamically contributing around 8% to India's GDP, the construction sector boasts a valuation of approximately USD 126 billion. This pivotal industry is fueled by robust investments in infrastructure, propelling the Indian construction equipment sector to an impressive annual growth rate of 30%. Surpassing its ranks, the building materials industry stands as the nation's second-largest employer, highlighting its significant impact on employment. The Union Budget 2023 heralds an exciting development – the establishment of the Urban Infrastructure Development Fund (UIDF) with an annual infusion of USD 1.2 billion. This initiative will play a pivotal role in shaping infrastructure in Tier-2 and Tier-3 cities. Discover investment opportunities within India's construction landscape and be part of sculpting the nation's progress. Embrace the journey of constructing a prosperous future.