Construction Sector Revenues to Grow 12-15% by FY25: ICRA
ECONOMY & POLICY

Construction Sector Revenues to Grow 12-15% by FY25: ICRA

According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years.

The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality.

ICRA's projection is based on various factors, including increased government spending on infrastructure projects, rising demand for residential and commercial real estate, and the gradual recovery of the economy. These factors are expected to drive growth across the construction sector value chain.

The anticipated revenue growth presents opportunities for construction companies to capitalise on emerging trends and market dynamics. By leveraging technological innovations, adopting sustainable practices, and enhancing project execution capabilities, entities in the construction sector can position themselves for success in a competitive environment.

The positive outlook for the construction sector aligns with broader efforts to stimulate economic growth and infrastructure development in India. As the government continues to prioritise investment in key sectors such as transportation, housing, and urban infrastructure, the construction industry is poised to play a crucial role in driving economic recovery and job creation.

Overall, ICRA's forecast of 12-15% revenue growth for the construction sector by FY25 reflects confidence in its long-term prospects and underscores its potential to contribute to India's economic resurgence.

According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years. The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality. ICRA's projection is based on various factors, including increased government spending on infrastructure projects, rising demand for residential and commercial real estate, and the gradual recovery of the economy. These factors are expected to drive growth across the construction sector value chain. The anticipated revenue growth presents opportunities for construction companies to capitalise on emerging trends and market dynamics. By leveraging technological innovations, adopting sustainable practices, and enhancing project execution capabilities, entities in the construction sector can position themselves for success in a competitive environment. The positive outlook for the construction sector aligns with broader efforts to stimulate economic growth and infrastructure development in India. As the government continues to prioritise investment in key sectors such as transportation, housing, and urban infrastructure, the construction industry is poised to play a crucial role in driving economic recovery and job creation. Overall, ICRA's forecast of 12-15% revenue growth for the construction sector by FY25 reflects confidence in its long-term prospects and underscores its potential to contribute to India's economic resurgence.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?