Share of construction industry in GDP drops steadily
A report says the share of construction in gross value added has been steadily falling. For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share…

A report says the share of construction in gross value added has been steadily falling. For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share of 9.73% in the first half of 2011-12.

For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share of 9.73% in the first half of 2011-12.

Mint newspaper said this trend showed that the industry, which is one of the chief sources of jobs for the masses, is hitting a large segment of the Indian population.

Clearly, the government’s push to the roads sector has been insufficient to offset the malaise in real estate.

It remains to be seen whether the government’s initiatives in affordable housing will improve growth in the sector.

 

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