With the world's second-fastest growing economy, India's new developments and energy demands are skyrocketing. India is experiencing a large demand for construction equipment, building materials and construction related equipment as a result of large investments being done in India. For example, the National Highways Development Program is expected to award more than $70 billion in construction projects, that will develop more than 50,000 km of highways by 2015. India has the world's second-fastest growing economy, so experts are considering than 70% of buildings that will exist by 2030 are yet to be constructed.
Investment in construction in India is at record levels, with great demand for residential, commercial and industrial space in India's growing cities. Improving the country's infrastructure is the Indian government's top priority as the government plan is to invest $1 trillion into infrastructure development through March 2017.
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