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India's construction sector grew strongly in FY24, led by Uttar Pradesh and Bihar, driven by public investment and loans.
India’s construction sector surged in FY24, with Uttar Pradesh and Bihar leading growth, contributing 13.4% and 11.2% to their respective GVA—above the national average of 8.9%—driven by public infrastructure investment in housing, roads, and urban development.
Uttar Pradesh became the top state contributor to India’s construction GVA with a 12.5% share, while Bihar showed steady recovery after years of stagnation.
The expansion, supported by government programs and interest-free loans, is boosting economic growth in northern India and offsetting weaker performance in agriculture and manufacturing.
The report highlights rising public capital expenditure and growing private sector participation as key factors in the sector’s revival.
El sector de la construcción de la India creció fuertemente en el año fiscal 24, liderado por Uttar Pradesh y Bihar, impulsado por inversiones públicas y préstamos.