I am fully confident that India will realise its true potential in the next 25 years. The reason for my optimism is that India has, over the years, successfully weathered several financial storms, geopolitical uncertainties as well as the devastating pandemic only to rebound as a stronger and resilient economy.
With regard to housing and real estate, this sector holds the key to unlocking the potential of the Indian economy. In fact, the pace of growth in both advanced as well as developing economies has historically been determined by the relative strength of the housing and real estate sector. Housing always remains at the core of any economy and is considered as a significant engine for its growth. I am optimistic about the future of the housing sector as demand for housing remains insatiable in a country like India. There are several factors behind this:
Employment generator: Housing is one of the largest employment generators in the economy with linkages to nearly 300 industries, both in terms of direct jobs and the jobs it creates in ancillary industries.
Low penetration levels: Mortgage penetration in India is extremely low, which implies a huge potential for growth. For example, the mortgage-to-GDP ratio in India is 11 per cent compared to 20-30 per cent in most East Asian economies, 68 per cent in the UK and 52 per cent in the US.
Bu hikaye Business Today India dergisinin February 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin February 19, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS