Dr.T.V.Gopalakrishnan , Mumbai , says: The real estate
price rise in India is on account of increase in the inequality of income thanks
to wrong taxation policies, increased retail loans to middle class people as
they are better employed due to IT boost observed in the late 1990s, high level
of corruption and prevalence of huge black money. It does not in anyway indicate
the strength of the economy and the fundamentals of the economy are in fact
going from bad to worse every day.This abnormal rise in real price should be
taken as an alarm by the Govt for an endangering economic situation at a later
date.
7 Jun 2012, 1849 hrs IST
This commend is in response to an opinion poll in ET dated 7/06/12.
7 Jun 2012, 1849 hrs IST
This commend is in response to an opinion poll in ET dated 7/06/12.
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