Annotation

This article assesses the current state of the Russian construction materials and equipment market. Ensuring economic growth in the Russian Federation requires a comprehensive approach, one of the key elements of which is import substitution in the construction industry. The key indicators and results of implementing the import substitution strategy in the construction industry are analyzed. Key challenges at the current stage of strategy implementation are highlighted. The impact of import substitution in the construction industry on economic growth is explored. The article concludes by highlighting the strategic importance of import substitution in the construction industry for ensuring sustainable economic growth in the Russian Federation over the long term.