The output generated from the Indian real estate sector is estimated to grow to USD 1 trillion by 2030 from the existing USD 650 billion, it added. Real estate consultant Knight Frank India and Royal Institution of Chartered Surveyors (RICS) on Thursday released a report Skilled Employment in Construction Sector in India that assesses the growth in this sector emphasising on the existing levels and gaps in skilled employment in the sector.
Get latest articles and stories on Latest News at LatestLY. India's construction sector is the second largest employment generator with 7.1 crore workforce employed currently and the number is set to cross 10 crore by 2030, according to Knight Frank-RICS report. Latest News | India's Construction Sector Second Largest Employment Generator: Report.
By actively involving businesses in the training process, apprenticeship programs align with industry needs, ensuring a steady supply of skilled workers.