India Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks

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India Infrastructure Report
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BMI View: We forecast strong stable growth for India ' s construction and infrastructure industry, driven by siz e able government-led development plans in the transport, power and water infrastructure sectors. Modi's efforts at reforming regulations, encouraging investment and accelerating land acquisition timelines bode well for ongoing and upcoming infrastructure projects.

Forecast & Industry Developments

  • India's construction industry will expand 6.7% in 2017 and average 6.5% growth in real terms throughout our forecast period to 2025. The residential and non-residential sector will register the highest average growth, driven by demand for industrial and commercial building.

  • Growth in the transport, energy and utilities sectors will be supported by Prime Minister Narendra Modi's sizeable development plans including five Industrial Corridors, the 100 Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation.

  • Large-scale construction projects will continue to suffer delays due to a cumbersome land acquisition process and financing and bureaucratic difficulties, although we have positive expectations of moves by state governments to adopt or discuss land reform.

  • The government's relaxation of foreign investment regulations across many industries will help generate demand for commercial and industrial building, and encourage greater participation of international construction companies in India. However, we expect local firms with familiarity of the market to maintain their competitive advantage.

Five-Year Forecast Scenario (India 2016-2021)
2016e 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: BMI
Construction industry value, INRbn 11,231.19 12,524.08 13,897.48 15,418.10 17,123.10 18,904.74
Construction Industry Value, Real Growth, % y-o-y 5.37 6.71 6.57 6.94 7.06 6.40
Construction Industry Value, % of GDP 8.2 8.2 8.2 8.2 8.2 8.2

Risk/Reward Indices

  • India's score of 64.3 out of 100 moves the country to fourth place out of 21 countries in our Asia Pacific RRI. This is an improvement from fifth place in the previous quarter.

  • India receives high scores for Industry Rewards and Country Risks, reflecting the significant growth potential of the infrastructure industry and the positive effects of Modi's reforms on the country's business environment.

  • The market performs less well for Country Rewards and Industry Risks, resulting from the country's underdeveloped labour market, gaps in the electrical grid and fragmented regulatory frameworks.

Infrastructure Risk/Reward Index (India 2016)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
Source: BMI
64.3 66.3 77.5 45.4 59.7 55.0 62.8
BMI Industry View
Table: Infrastructure - Construction Industry Forecasts (India 2015-2021)
Table: Infrastructure Risk Reward Index (India)
Industry Forecast
Construction And Infrastructure Forecast Scenario
Table: Construction And Infrastructure Industry Data (India 2015-2025)
Transport Infrastructure - Outlook And Overview
Table: Transport Infrastructure Industry Data (India 2015-2025)
Structural Trends
Table: Indian Railway Budget 2016-2017: Highlights
Table: Breakdown: Dedicated Freight Corridors
Table: Major Projects Table - Transport Infrastructure
Energy And Utilities Infrastructure - Outlook And Overview
Latest Updates
Table: Energy And Utilities Infrastructure Data (India 2015-2025)
Structural Trends
Coal and Hydropower Dominate Sector Growth
Renewable Energy Gaining Traction
Nuclear Remains High Priority
Water Infrastructure Providing Investment Opportunities
Table: Foreign Participation In 100 Smart Cities
Table: Major Projects - Energy & Utilities Infrastructure
Residential/Non-Residential Construction - Outlook And Overview
Latest Updates
Table: Residential and Non-Residential Building Industry Data (India 2015-2025)
Special Focus: 100 Smart Cities
Social Infrastructure: Highlighting The Project Pipeline
Table: Major Projects - Residential & Non-Residential Sector
Industry Risk Reward Ratings
India - Infrastructure Risk/Reward Index
APAC Infrastructure RRI: Affirming A Benign 2016 Outlook
Table: Asia Risk/Reward Index
Market Overview
Competitive Landscape
Table: Select Indian Companies - Key Financial Data
Company Profile
Gammon India
Larsen & Toubro
Reliance Infrastructure
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Infrastructure Risk/Reward Index Indicators
Table: Weighting Of Indicators

The India Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's India Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for India to test other views - a key input for successful budgetary and planning in the Indian infrastructure market.
  • Target business opportunities and risks in the Indian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in India.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.


The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.