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Reality sector is creating havock
by karunesh misra on Oct 03, 2007 02:59 PM

Pl. analyse the thigs very critically. Economists are beating the bush around. real problem is artificial bubble created in real estate sector jacking prices way beyond control & public putting hard earned money in it expecting more & more rise in future & he may be left out of not having roof over his head. Due to which very amount of money has been sucked from market by realtor resulting in scarcity for other expenditures & creating viscous circle for whole of economic system. I can assure that in days to come one more recession may happen like 2000 - 2003. It is never late if Govt administration wakes up and takes necessary action to monitor the things systematically.

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The above message is part of the Discussion Board:
Is the Indian economy slowing down?