New Delhi, July 29 -- India's construction industry is expected to grow by 7.1% in 2025, one of the fastest rates in the IMEA (India, Middle East and Africa region), according to a report by Marsh, a global insurance broker and risk advisor and subsidiary of Marsh McLennan. It said India's projected growth would bring many opportunities but also require better risk and insurance strategies.

The report, Global Construction Risk Review 2025, revealed the most pressing challenges for the global construction industry, which have direct implications for India's rapidly growing infrastructure sector.

Big investments in energy, highways, smart cities, and industrial corridors have made India an important market for global insurers and reinsure...