India Infrastructural Revolution and the National Infrastructure Pipeline
Infrastructural Pipeline Market In the vast landscape of India's economy, the construction industry stands as a formidable engine, steering the nation towards development. With a projected Compound Annual Growth Rate (CAGR) of 15.7%, reaching $738.5 billion by 2022, the construction sector plays a pivotal role, contributing significantly to the steel, paint, and glass industries. The industry's notable growth areas encompass export cargo, highway construction, power generation, and major port activities, reflecting a robust and diversified development approach. Notably, India is set to become the world's third-largest construction market by 2022, testament to the sector's upward trajectory. To foster this growth, the Indian government has instituted visionary policies, driving the time-bound creation of world-class infrastructure. A key initiative is the National Infrastructure Pipeline (NIP), a groundbreaking, whole-of-government exercise designed to enhance proj...