{"id":76051,"date":"2020-10-05T14:30:00","date_gmt":"2020-10-05T14:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2738197"},"modified":"2020-10-05T14:30:00","modified_gmt":"2020-10-05T14:30:00","slug":"india-infrastructure-market-set-for-rapid-growth-to-reach-around-usd-2552-4-billion-by-2021","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/10\/05\/india-infrastructure-market-set-for-rapid-growth-to-reach-around-usd-2552-4-billion-by-2021\/","title":{"rendered":"India Infrastructure Market Set for Rapid Growth, to Reach around USD 2,552.4 Billion by 2021"},"content":{"rendered":"

Zion Market 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, theIndiainfrastructure market<\/a><\/strong>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.<\/p>\n

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.<\/p>\n

Get Free Sample Of Report –<\/strong> https:\/\/www.zionmarketresearch.com\/sample\/infrastructure-market<\/a><\/p>\n

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.<\/p>\n

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. The Government of India has announced highway projects worth USD 93 billion, which include government flagship National Highways Building Project (NHDP) with the total investment of USD 45 billion over next three years.<\/p>\n

Major sector of Indian infrastructure market includes residential\/non-residential construction, energy and utilities infrastructure, transport infrastructure and others. Modernization of Airports has been progressing satisfactorily. Construction is the second largest economic activity in India after agriculture, and has been growing rapidly. Transport sector emerged as one of the prominent segment of Indian infrastructure market with 28% share of the overall market in 2015. Transport infrastructure includes road, railway, inland water transport, sea and coastal transport and air transport infrastructure.<\/p>\n

For the India Energy Infrastructure growth, investments in ports, railways, pipelines and power transmission are urgently needed to attract energy sector investments in the first place and to enable efficient energy choices. Some of the prominent players in the Indian infrastructure market include Larsen & Toubro, Gammon India, and Reliance Infrastructure among others.<\/p>\n

The report segments the India infrastructure market as:<\/p>\n