- Wealth PMS
You know what's scary? This statistic: Home loans are the second largest sector for bank lending in the last year, after large industry, in all non-agri credit.
This is hugely significant:
• TCS and Wipro are firing large swathes of mid-income (15L+ per year) people in India.
• Home prices are dropping, at least in Delhi and possibly in other places too . . .