Indian economy remained resilient with robust 7.6% growth rate of GDP in FY 2023-24 over and above 7% growth rate in FY 2022-23 Double-digit growth rate of Construction sector (10.7%), followed by a good growth rate of Manufacturing sector (8.5%) have boosted the GDP growth in FY 2023-24. On the back of double-digit growth in Manufacturing sector (11.6%) sector, followed by a good growth rate of Construction sector (9.5%), Real GDP grew by 8.4% in Q3 of FY 2023-24.
Building a Sustainable Future The Construction industry in India consists of the Real estate as well as the Urban development segment. The Real estate segment covers residential, office, retail, hotels and leisure parks, among others. While Urban development segment broadly consists of sub-segments such as Water supply, Sanitation, Urban transport, Schools, and Healthcare. Source: https://www.investindia.gov.in/sector/construction