According to a new market research report titled, ‘Indian Construction Industry, 2011,’ available from Research and Markets, investment in infrastructure is anticipated to increase two folds in the twelfth five-year plan when compared to the eleventh five year plan.
India’s physical infrastructure is under a tremendous pressure due to the rapid economic growth in the past few years. The Indian government has announced huge investments in several infrastructure sectors in order to maintain the economic growth.
Infrastructure investment in India in terms of GDP percentage has risen from 4.5% in the fiscal year 2004 to 7.9% in the fiscal year 2011. The infrastructure investment proportion as a GDP percentage has to be increased from the proposed 8.4% in fiscal year 2012 to 10.7% in fiscal year 2017, the final year of the twelfth five year plan, in order to maintain the GDP growth of 9%, according to an estimation of the Planning Commission.
Based on the top-down method, the estimated amount of infrastructure investment during the twelfth five year plan will be Rs.41,000 billion. Based on the investments made in several infrastructure projects and their construction intensity, Rs 20,000 billion will be invested effectively in construction during the twelfth five year plan.
Besides infrastructure projects, several orders have been received by the construction industry from various manufacturing sectors to build industrial facilities and associated civil constructions. According to the report, the construction opportunity in the industrial sector will be over Rs. 4,200 billion.
Source: http://www.researchandmarkets.com/