Respuesta :
The construction sector worldwide currently accounts for more than 11 percent of global GDP and the report predicts that it will account for 13.2 percent of world GDP by 2020.
What is construction sector?
Construction provides a living for around 16% of the country's working population. More than 30 million people are employed by the construction sector in India, which also generates assets worth more than 200 billion. It contributes more than 5% to the GDP and 78% to gross capital creation of the country.
The gross domestic product (GDP) is essential for keeping the economy's many sectors in balance. Globally, the construction industry generates USD 1.7 trillion and contributes between 5% and 7% of GDP in the majority of nations [14].
Around $10 trillion is spent on construction-related activities worldwide each year, which is equal to 13% of GDP. Consequently, one of the major economic sectors in the world is building.
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