India Transportation Infrastructure Construction Market Size

Transportation Infrastructure Construction in India Market Analysis

The India Transportation Infrastructure Construction Market size is estimated at USD 143.60 billion in 2024, and is expected to reach USD 208.71 billion by 2029, growing at a CAGR of 7.76% during the forecast period (2024-2029).

• The market is driven by the government and FDI's government and FDI's government and FDI's government and FDI's enormous investments pouring into the transportation infrastructure. Furthermore, the market is driven by the logistics sector, freight and logistics corridors, and national highways and railways connectivity being created to drive the economy.
• The Indian economy is driven by multiple economic sectors, with infrastructure being one of the significant contributors to long-term growth. The announcement of a quadrilateral economic forum by India, the United States, Israel, and the United Arab Emirates in November 2021 added to the influx of infrastructure growth prospects. Alternatively, launching the "Infrastructure for Resilient Island States" program in November 2021 has revealed a significant opportunity to improve the lives of vulnerable nations worldwide by allowing Indian infrastructure growth to flourish in three ways.
• Infrastructure development is critical to meeting India's goal of becoming a USD 5 trillion economy by 2025. The government has launched the National Infrastructure Pipeline (NIP), which is in conjunction with other initiatives such as 'Make in India' and the production-linked incentives (PLI) scheme to augment the growth of the infrastructure sector.
• Historically, more than 80% of infrastructure spending in the United States has gone toward transportation, electricity, water, and irrigation. In India, approximately 42% of the NIP projects are being implemented, implying that construction work is already underway. Another 19% are in the development stage, with a sizable 31% still in the conceptual stage. Energy (24%), Roads (19%), Urban (16%), and Railways (13%) account for roughly 70% of India's projected capital expenditure in infrastructure from 2020 to 2025. India's major infrastructure projects include the Gati Shakti and Industrial Corridors, the Bharatmala Pariyojana, and the Delhi-Mumbai Industrial Corridor.
• The infrastructure roadmap for India is exciting, and the new decade appears promising. Government bodies are implementing more and more green and clean initiatives in significant countries. In particular, the Indian government has given the infrastructure sector a much-needed boost in the 2021 budget. India is aiming for a USD 5 trillion economy.
• India is now at a crossroads where massive investment in R&D for energy-efficient and green fuel is desperately needed. As a result, the overall infrastructure is improved. India's highways sector has been at the forefront regarding performance and innovation. Based on the Hybrid Annuity Model, the government has successfully implemented over 60 projects totaling more than USD 10 billion. HAM has appropriately balanced risk between private and public sectors and boosted PPP activity in the sector.