According to Research and Markets holistic report on lift and elevator's market size, trends, growth drivers and challenges, which is thoroughly inspecting the lift and elevator market in India, states that it is poised to grow by USD 659.2 million during 2020-2024, progressing at a CAGR of 9 percent in this aforesaid period. Anticipated to contribute to the projected growth is the highly developing transportation and social infrastructure sector. Following are the years for the lift and elevator market to witness a steady shift towards profitable days with the government's initiative for the construction sector, entirely enthralling focus on the development of `Smart Cities'.
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