The problem of unemployment is a big problem for the Indian youth as well as the Indian economy. Due to a lack of proper industrialization the country severely faces the problem of unemployment. This leads to a slow growth rate of the country’s economy. Traditionally the agriculture sector of the country is recognized to be quite good due to its fertile soil. It plays the role of the topmost employment generating sector.
After agriculture, the real estate sector has immense importance in the country for generating employment for the Indians. Due to the high urbanization rate and booming of the real estate sector, it appears to be the second-most employment generating sector of India. In this blog, we will discuss the factors that are responsible for the real estate sector being the second-largest employment generating sector.
In many countries, the real estate sector is not considered to be the second-most employment generating sector. But in India, some specific reasons play an important role in the appearance of the real estate sector to be the second-largest employment generating sector in the country. They are discussed below.
The above discussion suggests that there are several reasons behind the appearance of the Indian real estate sector to be the second-largest employment generating sector of the country. Along with that, it can be said that if a proper plan is followed then a bright future awaits the real estate sector of the country and more employment can be generated in this sector than at present. Even the sector has the potential to appear as the topmost employment generating sector of the country shortly if proper plans and initiatives are taken.
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