TITLE

The next China?

AUTHOR(S)
Sleight, Chris
PUB. DATE
March 2006
SOURCE
International Construction;Mar2006, Vol. 45 Issue 2, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the growth of the construction industry in India. The output in the industry is generally estimated at $50 billion per year which understates the level of activity in the country. Construction accounts for 5.25 percent of gross domestic product (GDP), with infrastructure work accounting for 55 percent to 60 percent of GDP. Using the method of measuring GDP on a purchasing power parity basis, it puts the country's annual economic output at $3678 billion and construction activity would be $193 billion per year. Another measure of the size of the industry is the 6.2 million people it officially employs. INSET: Rental revolution.
ACCESSION #
20181382

 

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