India's real estate market too is witnessing some troubled times as prices are collapsing. Again, good news: prices here have always been irrational as demand for decent housing always outstripped supply, and for the fact that Indian real estate giants rarely make houses for the the masses. For them the market was always people from high income bracket 
and NRIs. With NRIs losing jobs faster than resident Indians, the crashing of prices will do more good than harm to the common man. And the news of lower inflation rates due to recession acts as an icing on the cake for him. This recession is a lesson on the risks of having an export-oriented economy. Interestingly, India's saving grace can be its large domestic market that can guarantee against vagaries of global fluctuations. Its time for India Inc to realise the efficacy of giving more importance to the needs of the common man lower down the pyramid. Telecom companies have shown how permeating down the socio-economic ladder have proved to be a boon for the industry thus making it one of the largest as well as the fastest growing markets of the world which, recession or no recession, continues to grow. Its now time for rest to follow the cue and unleash the potential of India’s latent but colossal rural market. Only that would ensure immunity from global recession. Certainly the common man would not be complaining about it, even if it's recession....Continue
and NRIs. With NRIs losing jobs faster than resident Indians, the crashing of prices will do more good than harm to the common man. And the news of lower inflation rates due to recession acts as an icing on the cake for him. This recession is a lesson on the risks of having an export-oriented economy. Interestingly, India's saving grace can be its large domestic market that can guarantee against vagaries of global fluctuations. Its time for India Inc to realise the efficacy of giving more importance to the needs of the common man lower down the pyramid. Telecom companies have shown how permeating down the socio-economic ladder have proved to be a boon for the industry thus making it one of the largest as well as the fastest growing markets of the world which, recession or no recession, continues to grow. Its now time for rest to follow the cue and unleash the potential of India’s latent but colossal rural market. Only that would ensure immunity from global recession. Certainly the common man would not be complaining about it, even if it's recession....Continue
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