Vikram12

India's Strong Growth Should Continue

sooth_sayer-- You seem to be jealous with asset price increases outside America... If You have been to India you can certainly notice how much potential increase in infrastructure is still possible. And by the way there is shortage of land in places like Bombay.
you said "Nothing could be said to justify that, when you compare incomes, infrastructure and quality." i kind of agree with the point you make on infrastructure but you must not forget tht India has the most competitive manpower in the world and comparable to America... Your second point on income is incorrect because India has more increase yoy in real income than America. Americans have large spending habits whereas Indians are more conservative. And you seem to ignore the point i make about unaccounted equity which drives Indian housing market... There might be a correction in asset prices in India but you will not see foreclousures and building up of inventory which has been the case in America.....