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: Our forecast for India's construction industry remains positive as the government continues to promote ambitious expansion across all sectors, backed by policy reform. Manufacturing, transport, energy and real estate will be key areas of growth throughout our forecast period, given their importance in boosting overall economic growth. Persistent regulatory challenges - including high levels of bureaucracy and the complex web of administrative bodies - will act as a deterrent to potential investors given the risks to project execution and exposure to corrupt practice.

Latest Updates & Structural Trends

  • India's construction industry will record steady growth over the next 10 years, expanding 6.8% in real terms in 2016 and averaging annual growth 6.7% over five years and 6.4% over our forecast period to 2025.

  • The non-residential sector, driven by the high demand for office space and the importance of manufacturing for overall economic growth, will post the highest growth throughout this period.

  • The need for intermodal transport across the country, to improve freight logistics and the overall ease of doing business, will drive investment in the transport sector (particularly road and rail), forecasted to expand 7% over 2016. Also improving operational risk is the drive to diversify the power supply.

  • We now expect the contentious Land Acquisition Bill - which has failed to pass through parliament - could gain traction across the country if it receives significant support from state governments. The bill would provide an upside to the construction industry by removing barriers to project completion.

Infrastructure - Construction Industry Forecasts (India 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f
e/f=estimate/forecast. Source: Reserve Bank of India, BMI
Construction industry value, INRbn 10,021.05 11,183.22 12,438.79 13,795.19 15,297.03 16,932.92
Construction Industry Value, Real Growth, % y-o-y 2.84 6.80 6.43 6.50 6.89 6.69
Construction Industry Value, % of GDP 7.4 7.3 7.3 7.3 7.3 7.3

Risk/Reward Index

  • India comes 5 th out of 17 countries in our Asia Pacific RRI, with an overall score of 61.3 out of 100.

  • The Modi administration is known for its pro-business strategy and gradual reforms to improve the investment environment will remain a top priority.

  • Regulatory challenges will persist, with the country's fragmented administrative structure compounding the lack of integration across sectors, as well as opening opportunities for wasteful expenditure and rent seeking.

Infrastructure Risk Reward Index (India)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
61.3 61.4 70.0 45.4 61.2 55.0 65.3
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: 10 Year Forecast Scenario 2015-2025
Transport Infrastructure - Outlook And Overview
Table: 10-Year Forecast Scenario 2015-2025
Structural Trends
Table: Breakdown: Dedicated Freight Corridors
Table: Major Projects Table - Transport Infrastructure
Energy And Utilities Infrastructure - Outlook And Overview
Latest Updates
Table: 10 Year Forecast Scenario (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: 10-Year Forecast Scenario 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.