Real estate construction earned $925 billion in 2013, which was around 5.8% of the US GDP (gross domestic product). This is down drastically from its peak of $1.195 trillion in 2006, 8.9% of the GDP.

While there can be a one year-odd period of turbulence because of global economic down-cycle and geo-political isues, India’s growth story remains intact in the long-to-medium term, says Subhrakant ...