India vs China - Comparison of the Construction Sector

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India's construction sector has recorded phenomenal growth over the past five years, as government expenditure on infrastructure projects has been on the rise. With the industry expected to reach a value of US$59.4bn in the current year, Government reports forecasts an average construction industry real growth of 13.92% for the period 2007-2011. The construction industry value is forecast to reach US$129.38bn in 2011, contributing 10.54% to the country's gross domestic product (GDP).

Valued at US$150.65bn in 2006 and having recorded a growth of 13.2% year to date, the Chinese construction industry will grow at an average rate of 7.54% in the period 2007-2011 as per current reports. Special emphasis is being laid on airport development and upgrading work. By the end of 2007, China expects to complete work on as many as 73 airports, taking the total far above the 2006 figure of 147. Moreover, growing tourism in China, spurred by the forthcoming Beijing Olympic Games (2008), is pushing up the demand for hotels and resorts.

Get more insights into the industries and services sector of India and China at http://www.india-reports.com/summary/china-ppt.aspx

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