techy

Outlook for the Indian Economy

Really nice article.

here are my doubts about india:
1. Politicians as always, and everywhere, dont care about long term benefits to the country or society, hence they are not solving infrastructure problems which is becoming a bottleneck for growth.
2. private investment in infrastructure is very risky (bangalore-mysore freeway is mired in red-tape since 7-8 years) hence i dont see infrastructure improving much.
3. in china thats is never a issue, its get done by the party, and it does appear that the party is interested in promoting china as a super power, its not the case in india (they are busy looting for themselves till they are in power).

i am not an economist hence i am clueless about the problems infrastructure presents to economic growth, please shed some light?

India has gone through a real estate boom, which maybe going bust right now. most of it was done with atleast 10-20% down payment, but if there is any pressure on jobs, we can see defaults go through the sky since most people spend almost 50% of income to service the mortgage.