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India Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Publisher GlobalData
Published Sep 30, 2025
Length 53 Pages
SKU # GBDT20511853

Description

India Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (Q3 2025)

Summary

GlobalData expects the Indian construction industry to expand by 7.1% in real terms in 2025, supported by rising foreign direct investment (FDI) and increased public and private sector investments in transport infrastructure and energy projects. According to the Department for Promotion of Industry and Internal Trade (DPIIT), total FDI in the country grew by 15% YoY, reaching $18.6 billion in the first quarter of financial year (FY) 2025-26 (April 2025 to March 2026). In August 2025, the government allocated INR260.7 billion ($3.1 billion) to develop 128km of roads in Delhi. Projects include a 65km road from Delhi to Dehradun and a 17km road from NH344M to Tronica City. Also in August 2025, Singapore-based real estate company CapitaLand signed an agreement with the Maharashtra government to invest INR192 billion ($2.3 billion) in the commercial sector for the construction of business parks, data centers, logistics facilities, and industrial parks in Maharashtra by 2030. However, increases in total project costs, delays due to government approval issues, rising government debt, a widening budget deficit, and recent US tariff measures are likely to weigh on the industry’s short-term growth.

The Indian construction industry is expected to record an average annual growth rate of 6.1% between 2026 and 2029, supported by investments in manufacturing, infrastructure, and energy projects. The state government of Maharashtra aims to generate 50% of its energy from renewable sources by 2030, supporting the central government’s overall target of achieving carbon neutrality by 2070. In line with this, in June 2025, the government-owned energy company National Thermal Power Corporation (NTPC) reported plans to develop 20GW of hydropower, of which 3GW to 5GW is expected to be completed by 2032. Furthermore, in July 2025, the government signed four agreements with private companies totaling INR320 billion ($3.8 billion) for the construction of four pumped-storage hydropower plants to generate 6.5GW of energy

GlobalData’s Construction in India - Key Trends and Opportunities to 2029 (Q3 2025) report provides detailed market analysis, information, and insights into the Indian construction industry, including -
  • The Indian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Indian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in India. It provides -
  • Historical (2020-2024) and forecast (2025-2029) 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
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts
  • Understand the latest industry and market trends
  • Formulate and validate business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

53 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Construction Industry Key Data
Table 2: India, Key Economic Indicators
Table 3: India, Commercial Construction Output by Project Type (Real % Change), 2020–29
Table 4: India, Top Commercial Construction Projects by Value
Table 5: India, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: India, Top Industrial Construction Projects by Value
Table 7: India, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: India, Top Infrastructure Construction Projects by Value
Table 9: India, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: India, Top Energy and Utilities Construction Projects by Value
Table 11: India, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: India, Top Institutional Construction Projects by Value
Table 13: India, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: India, Top Residential Construction Projects by Value
Table 15: India, Key Contractors
Table 16: India, Key Consultants
Table 17: India, Construction Output Value (Real, $ Billion)
Table 18: India, Construction Output Value (Nominal, INR Billion)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: South Asia, Construction Output (Real % Change), 2023–29
Figure 2: India, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: India, Risk Summary
Figure 4: India, Risk Regional Comparison
Figure 5: India, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: India, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: India, Construction Value-Add (Constant 2011–12 Prices, INR Billion)
Figure 8: India, Gross Fixed Capital Formation (Constant 2011–12 Prices, INR Billion)
Figure 9: India, Cement Production, In Million Tonnes (MT)
Figure 10: India, Industrial Production Index for Infrastructure/ Construction Goods (2011–12=100)
Figure 11: India, Construction Projects Momentum Index
Figure 12: South Asia, Construction Projects Momentum Index
Figure 13: India, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 14: India, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 15: India, Trade, Hotels, Transport, and Communication Sector Value-Add (Constant 2011–12 Prices, INR Billion)
Figure 16: India, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 17: India, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: India, Manufacturing Value-Add (Constant 2011–12 Prices, INR Billion)
Figure 19: India, Industrial and Manufacturing Production Index (2011–12 Base Prices)
Figure 20: India, Total Exports (INR Billion)
Figure 21: India, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: India, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: India, Total Road Network Widened, Upgraded and Strengthened, in Km
Figure 24: India, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 25: India, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: India, Electricity, Gas and Water Services Value-Add (Constant 2011-2012 Prices, INR Billion)
Figure 27: India, Total Power Generated, In Billion units
Figure 28: India, Installed Power Capacity of Power Stations, in MW
Figure 29: India, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 30: India, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: India, Public Administration, Defense and Other Services Value-Add (INR Million, 2007 Constant Prices)
Figure 32: India, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 33: India, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: India, Financial, Real Estate, and Professional Services Value-Add (Constant 2011–12 Prices, INR Billion)
Figure 35: India, Housing Price Index (2010-11=100)
Figure 36: India, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: India, Headquarters of Key Consultants (% of Total Project Pipeline)

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