new delhi the real estate and construction sector will create over 15 million jobs over the next five years despite signs of stress in the segment in the last few quarters the economic survey said on mondayread here full text of economic survey 201718real estate and construction together is the second largest employment provider in the country next only to agriculture according to the economic survey 201718 tabled in parliamentthe sector employed over 40 million workforce in 2013 and as per projections it is slated to employ over 52 million workforce by 2017 and 67 million workforce by 2022also read 10 new facts on indian economythis implies that it will generate over 15 million jobs over the next five years which will translate to about three million jobs annually the survey report saidnearly 90 per cent of the workforce employed in the real estate and construction sector are engaged in construction of buildings while the rest 10 per cent workforce is involved in building completion finishing electrical plumbing other installation services demolition and site preparationover 80 per cent of the employment in real estate and construction constitutes minimally skilled workforce while skilled workforce account for over 9 per cent share and the remaining are spread across work classes such as clerical technicians and engineersas per the national skill development council nsdc real estate and construction sector is expected to require over 66 million people by 2022read how economic survey revealed indias obsession with sonsthe share of real estate sector which includes ownership of dwellings accounted for 77 per cent in indias overall gva gross value added in 201516the growth of this sector decelerated in the last three years from 75 per cent in 201314 to 66 per cent in 201415 and further to 44 per cent in 201516 the report saidread key takeaways of economic surveybased on an analysis of the sales results of services sector firms in the last few quarters the survey said the only sector which has been showing signs of stress is the construction and real estate sectorhowever the report said the enactment of real estate regulation development act would bring accountability leading to higher growth across the real estate value chainthe provisions of compulsory disclosures and registrations would ensure transparency in the sector watch economic survey are acche din finally here