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Largest and most profitable construction company- L&T
2023-11-03
The construction market in India is one of the top five largest construction markets in the world. Valued at $ 639 billion, the industry is anticipated to grow by a CAGR of 6 per cent during 2023-2028. It is expected to reach $ 1.4 trillion by 2025 as activities in the private and public sectors continue to receive a massive boost. The Indian construction industry ranks 3rd among the 13 major economic sectors and is the second-largest job creator after agriculture. It employs more than 51 million people and makes up 9 per cent of India’s GDP.
Consisting of industrial construction, residential construction, commercial construction, infrastructural construction, institutional construction, and energy and utilities construction, the market is largely spurred by real-estate and infrastructural projects. There is substantial opportunity to undertake complex and complicated projects, wherein the competing factor for construction majors will not only be cost-efficiency but also technological competence and efficiency.
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