The sector correlation with GDP is high at 0.78x (every INR1 invested in the sector directly adds INR0.78 to the GDP) and there is significant room for improvement, as real estate sector correlation in other large economies (such as China, the U.S., the U.K., Germany, Spain) is at least 0.9x. Unfinished agendaģ Union Budget 2016 Building, Construction and Real Estate 3 Context Where we are Engine of economic growth: The sector, which has forward and backward linkages with more than 250 different sectors, is the second largest employment generator in India after agriculture.
1 Building, Construction and Real Estate Union Budget 2016 Post-Budget sectoral point of view #Budget2016 #KPMGIndiaBudgetĢ Union Budget 2016 Building, Construction and Real Estate 2 Table of contents 1.
