Housing share in GDP

Housing share in GDP to rise to 6%

The share of housing sector to the overall GDP (gross domestic product) is likely to rise by one per cent to 6 per cent on increased investment.

“Currently, about 5 per cent of India’s GDP is contributed by the housing sector. With institutional credit for housing investment growing at a CAGR of about 18-20 per cent per annum in next three-five years, the housing sector’s contribution to GDP is likely to increase to 6 per cent,” the Economic Survey said today.

Highlighting the importance of housing sector, the survey said for every rupee that is invested in housing and construction, Rs 0.78 gets added to the GDP.

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