Deepening downturn in India's building sector eats into growth
Indebted developers cut employment, slow work on projects to clear unsold backlog of properties
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Kumar Noida, India
AFTER a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers.
He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests.
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