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The economic domino effect on housing and construction sector – a case of India

Madhumitha B. (Department of Architecture and Planning, Maulana Azad National Institute of Technology, Bhopal, India)
Preeti Onkar (Department of Architecture and Planning, Maulana Azad National Institute of Technology, Bhopal, India)

Journal of Financial Management of Property and Construction

ISSN: 1366-4387

Article publication date: 7 June 2022

Issue publication date: 10 August 2023

160

Abstract

Purpose

This study aims to understand the domino effect on housing and construction sector along the economic dimensions in light of COVID-19 pandemic.

Design/methodology/approach

The view point in this paper is written based on the domino effect of various sectors in India. Starting from the macro-economic events through to the micro-economic events, the changes are discussed along the platform of COVID-19. Early literature to support the discussions and a wide range of periodicals to observe the current events are used in arriving at a hypothesis.

Findings

The impact in any sector does not happen because of a sole event rather it is consequence of changes and trends that took place in multiple sectors. This paper identifies such changes in the sectors of oil industry, cement manufacturing, housing and construction sector during COVID-19. The paper concludes on confirming the hypothesis with two opinions. One by accepting the principle of domino effect that construction domain had various impacts by other sectors at different levels during pandemic. Another on considering the level of impact, the sector has withstood the impacts in various manners and is growing in extensive directions proving the sector to be resilient.

Originality/value

The paper showcases the impacts of various sectors on construction domain with an insight of most recent trends supported by early literature. The linking of elements is the significance of the paper.

Keywords

Citation

B., M. and Onkar, P. (2023), "The economic domino effect on housing and construction sector – a case of India", Journal of Financial Management of Property and Construction, Vol. 28 No. 2, pp. 206-219. https://doi.org/10.1108/JFMPC-07-2021-0049

Publisher

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Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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