Friends,
The debt to GDP ration in USA,UK and European countries is in high range of 200 to 250 pc while in India it is just 60 pc. This makes us pretty immune to the crisis of similar nature that Western countries are facing. Further, the mortgage related debt to GDP is between 80 to 100 pc in USA and Europe while in India it is pretty less. this also is going to keep India from facing a similar crisis.
This is a kind of de-link which will keep India in good state. Another point in favour India is the increasing give and take between cities and rural areas. The companies are readily planning forays with the rural areas in mind.
HariOm,
Krsna Khandelwal
BIRDINFO Stock Rx – A prescription for stock market
