Indias construction market to be third largest globally
According to 6Wresearch?s new report, India Construction Equipment Market (2016-22), India has become a key global market for construction equipment. The construction market contributes nearly 7 per cent to India?s GDP. Further, by 2025, India?s construction market is expected to emerge as the third largest in the world.According to the report, the government vertical is the leading revenue generating segment for the construction market, led by various public infrastructure projects. India?s construction equipment market is largely import-driven, especially in the higher load capacity segment.