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Construction in India - Forecast Update

Construction in India - Forecast Update

Summary

The expansion in India's construction industry slowed in 2019, with estimated growth being revised down to 4.6% (from 5.0% previously). The industry had regained growth momentum in 2018, when output growth reached a seven-year high of 8.6% in real terms, but renewed economic weakness and a liquidity crunch have heavily impacted construction activity, particularly in the residential sector, which suffered a decline in new launches of residential projects across major cities.

The short-term outlook is relatively subdued, with growth expected to pick up only marginally, to 5.1% in 2020. The growth forecast for 2020 has been revised down from 5.7%, in part reflecting the economic impact of the coronavirus as well as a generally weaker outlook for India’s economy. According to the IMF, domestic demand in India has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth.

GlobalData’s Construction in India - Forecast Update report provides analysis and insights on the latest developments in India and the impact these will have on the outlook for construction activity in India, including -
- Summary analysis of the key sectors
- Full breakdown of construction output data by sector and sub-sector, in real US$ terms and nominal INR terms.

Scope

This report provides a comprehensive analysis of the construction industry in India. It provides -
- Historical (2015-2019) and forecast (2020-2024) valuations of the construction industry in India, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

Reasons to buy

- Assess market growth in India across all the main sectors.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.

Table of Contents
1 Forecast Update Summary
2 Key Sector Updates
3 Latest Trends
4 About GlobalData

List of Tables
Table 1: India, Construction Output Growth (Real, % change)
Table 2: India, Construction Output Value (Real, US$ Million)
Table 3: India, Construction Output Value (Nominal, INR Million)

List of Figures
Figure 1: India, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 2: India, Construction Output Value, Real Growth Matrix, 2015-2019 vs 2020-2024
Figure 3: India, Construction Output Value, by Sector (Real, US$ billion, 2017 prices and exchange rate)
Figure 4: India, Construction Value-Add (Constant Prices, % change year on year)
Figure 5: India, Housing Price Index (% change, year on year)

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