I beg to differ slightly. I am no Congress supporter and in fact my sympathies have always been with BJP. But the facts are different. The economy overheated due to sudden increase in borrowings. Also I know a lot of people who borrowed money from any means (personal loans, Credit Cards, friends and family, etc.) to invest in the booming share market. Home Finance is just a component of the rise in borrowings (albiet a largest one at 35%). I do not think even the BJP could have done anything much. Government can intervene to an extent (and this govt has done nothing) but cannot control a Market based economy. But the BJP will always enjoy the benefit of the doubt.
