Long-term growth, on the other hand, will mainly be driven by country’s massive population, which requires continued investments into residential building construction sector, Fitch Solutions said in a statement. (Representational image) Long-term growth, on the other hand, will mainly be driven by country’s massive population, which requires continued investments into residential building construction sector, Fitch Solutions said in a statement. (Representational image)Fitch Solutions on Monday said it expects the country’s residential and non-residential buildings sector to expand by 6.6 per cent, in real terms, next year, driven by fiscal support and a continued focus on the provision of affordable housing in urban areas. Long-term growth, on the other hand, will mainly be driven by country’s massive population, which requires continued investments into residential building construction sector, the statement said. It further said that the “PMAY(U)-related construction is expected to carry on beyond 2022, contributing to growth of the residential buildings sector in the short to medium term”.

Source: Indian Express December 30, 2019 07:41 UTC