Posted in Community :
Investments in Indian Markets
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Activity:
4 views;
last activity : 07 06 2010 20:18:09 +0000
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Saving oriented culture
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Real estate in India
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Indian has a Saving oriented culture as against US and European
countries which has a spending culture. They factor their future
earnings and borrowing accordingly. Hence they enjoy their present at
the cost of their future. In India, people sacrifice a part of their
present enjoyment to enjoy in future. So our basics are in place and
this foundation has so far kept India out of this failure.
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No supporting Arguments for this idea
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The major trigger for the credit crisis was the downturn in US Housing
markets. This is not the case with India. The real estate prices in
India are stable and the probability of a sharp fall is ruled out.
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