This is not a correct co relation . Kindly note that the Inflation is being pushed up , yes pushed up to 2% in the US. In India the RBI dreams of finally capping the Inflation at 4% but it regularly shoots up to 8%. The Growth rate of Us is 2-3% ( huge at the GDP that they are ) but India is 7%. The interest rate will be factor of these rather than what the interest rate in US is . The absolute number of people who require a house / want a mortgage as compared top the total population of India may be small but compared to the absolute number of mortgage holders in The US will still be much much larger . Its a misnomer that the People who are not part of the formal sector are not trust worthy . I am invested i Gruh and REPCO with high conviction.
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