The infrastructure sector in India is on the cusp of remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 8.2% by 2027. In November 2021, the launch of a quadrilateral economic forum between India, the US, Israel, and the UAE has opened up new opportunities for infrastructure growth. Additionally, the “Infrastructure for Resilient Island States” program introduced at the same time presents a significant chance to enhance the lives of vulnerable nations across the globe, enabling Indian infrastructure growth to flourish.
The MSME sector is also thriving, with the government’s allocation of over INR 22000 crore in the budget and various schemes like Mudra Loan, NSIC, and IDFs providing financing and support to MSMEs in the infrastructure industry. The digital ecosystem is rapidly shaping the industry, with the interoperability of different touchpoints enabling growth and innovation.