INDUSTRY OVERVIEW

• Infrastructure plays a huge role in propelling other industries and India’s overall development. The government, therefore, focuses on the development of infrastructure and construction services through focused policies such as open FDI norms, large budget allocation to the infrastructure sector, smart cities mission, etc.
• The Construction industry in India consists of the Real estate as well as the Urban development segment.
• In FY21, infrastructure activities accounted for a 13% share of the total FDI inflows of USD 81.72 bn.
• The Sector employs 51 mn people and thus is the second largest employing sector in India.
• India aims to become the third largest construction market globally by 2025.
• India has 100 Smart Cities, and 11 Industrial Corridors within the country.
• The real estate sector is also the third largest sector in terms of FDI flow, it is second largest employment generator, and third largest sector to induce economic growth.
• Gujarat has emerged as the largest cement plant in the world.