New Delhi: The Centre’s flagship housing programme – Pradhan Mantri Awas Yojana – has created over 1.2 crore employment opportunities, said Grant Thornton Bharat’s ‘Affordable Housing in India’ report.
The report cited that these employment opportunities so far were created through forward and backward linkages across 21 sectors.
Besides, the report said that these sectors include 250 auxiliary industries like steel, brick kilns, cement, paint, hardware and sanitary amongst others.
In terms of stakeholder impact, the report pointed out that PMAY has benefited nearly 5.8 lakh senior citizens, 2 lakh construction workers, 1.5 lakh domestic workers and 1.5 lakh artisans.
“The extent of investment in the housing sector has both direct and indirect effects on other sectors of the economy,” said T. Ravinder Reddy, Partner, Public Sector, Grant Thornton Bharat LLP.
“Due to the strong interlinkage between various sectors of the economy, any investment made in one sector has multiplied effects on other sectors, inducing economy-wide growth and employment opportunities.”
According to Reddy: “This is more so in the construction sector, which has strong backward and forward linkages with other sectors of the economy.”
