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

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.