The construction industry in India will enjoy strong growth due to the government's National Infrastructure Pipeline (NIP) and ambition to make India a US$5 trillion economy by 2024, according to the recent Construction in India report by India Infrastructure Research. NIP has projected a capital expenditure of INR111 trillion (US$1.5 trillion) to be spent from 2019 to 2025. Over 70% of this has been allocated to four infrastructure sectors: energy (24%), roads (19%), urban infrastructure (16%) and railways (13%). The power sector is expected to see investment of INR14.10 trillion (US$190 billion) during 2020-25, with a further INR1.5 trillion (US$20 billion) for nuclear power generation channelled through the Nuclear Power Corporation of India (NPCIL). Within spending on power, some INR9.3 trillion (US$125 billion) of capital expenditures will be directed to renewable energy projects.
展开▼
