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Market dataIBEF: India Brand Equity Foundation2024 Sector Note

Construction sector contribution to GDP and employment

Construction sector share

8% of GDP

What the data says

IBEF tracks construction as India's second-largest employment sector after agriculture, with 55 million+ direct workers. The sector contributes approximately 8% to GDP and has grown consistently above nominal GDP through FY21-FY24. IBEF projects 7.2-7.6% CAGR through FY2029, anchored by Bharatmala, PM Awas Yojana, and Smart Cities programme.

Source

Published by IBEF: India Brand Equity Foundation (2024 Sector Note)

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