South Asia Infrastructure Construction Market Report Overview
November 16, 2023 ⚊ 1 Min read ⚊ Views 37 ⚊ NEWS
The South Asia infrastructure construction market size will be valued at $334.3 billion in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 6.4% over the forecast period. The industry’s growth is primarily driven by the strong project pipeline from India and Bangladesh.
Both countries including India and Bangladesh are anticipated to exhibit an annual average growth rate of nearly 6.5% and 6.2% respectively over the forecast period. The Indian government’s intention to increase the number of greenfield highways and works as part of the Pradhan Mantri Gati Shakti Master Plan, which includes the construction of 200,000km of national highways by 2025 is likely to aid the market growth over the near future.
Tags: South Asia Infrastructure Construction Market
