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The Indian Interim Budget 2024 has allocated ₹11.11 lakh crore to capital expenditure
The Indian Interim Budget 2024 has allocated ₹11.11 lakh crore to capital expenditure, which is 3.4% of the GDP. This is a positive sign for the construction material sector, as it is expected to boost infrastructure development and increase demand for construction materials.
February 8, 2024 at 12:00 AM
Industry Update : Surge Construction Materials Cost due to War in West Asia
Recent geopolitical shifts in West Asia have triggered a 5–8% surge in overall project costs, with bitumen and fuel prices spiking by as much as 20–25%.
INDUSTRY/SECTOR OUTLOOK
India’s construction sector is a major driver of economic growth, valued at about USD 746 billion in 2025 and projected to exceed USD 2 trillion by 2030. As the country’s second-largest employer, it contributes roughly 9% to GDP and supports millions of jobs.
Commercial Real Estate (CRE) landscape
Real Estate Industry analysis for India indicates that FY26 will be a pivotal year for construction material demand, primarily driven by a massive shift in the Commercial Real Estate (CRE) landscape.
Building Materials Industry Update
What FY25–FY26 mean for contractors & suppliers The building materials industry is going through a short pause, not a slowdown story. Real estate launches and sales were very strong in the last 2–3 years
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