Here are few links to new articles discussing Indian economy in 2009:1) What's Wrong with 6% GDP Growth for India? - By Swaminathan S Anklesaria Aiyar
2) RBI’s growth target to be missed
3) Indian economy hard hit by global slowdown
4) Shankar Acharya: A cloudy outlook
5) World Bank says global economy will shrink in 2009 - By Samantha Bomkamp
Will Indian real estate market go down as low as US housing market?My readers in US, who are witness to US housing market, always tell me that we, in India, have no idea how bad real estate market would be. I completely agree with them, yes, we don't have any idea.
If you read above articles, you will find that all of them agree on one point. Recession would be too bad. But Indian economy would be doing better than other economies. Bad Indian economy may not be as bad as we expect.
Is this planed positive dose or just plain rejection of reality? What is your take on Indian economy in recession. How bad it would be? As bad as US economy? Would real estate market will crash and may take more than 5 years to recover? Please, share your views in the comments.
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