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too much easy money and plastic money causes problems
by harkatuljihadeikafiroon on Feb 01, 2008 04:24 PM Permalink
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just like usa in india also money is easily available from bank etc...and default rate is over 10% for 2 wheeler,home loan etc.
recently home prices hv dropped 10%-20% all
over the country.so we r also going throgh a similar but smaller problem.
the problem is too much money available too easily to people and they hv no idea how to pay it back.
what happened in usa is due to this and it shud be a lesson to indian banks for them to not go the usa way.
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