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India seems far away from a housing bubble

India seems far away from a housing bubble
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First Published: Thu, Apr 14 2011. 11 18 PM IST
Updated: Thu, Apr 14 2011. 11 18 PM IST
The chart shows housing bubbles in countries such as Ireland, the UK, Portugal and the US. Most of the household debt is mortgage debt. Note how low India is on the chart, an indication of the scope for increased housing finance in the country.
Household debt as a percentage of gross domestic product.
Also See | India Seems Far Away From A Housing Bubble (PDF)
Graphic by Ahmed Raza Khan/Mint
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First Published: Thu, Apr 14 2011. 11 18 PM IST
More Topics: Housing Bubble | Ireland | UK | Portugal | US |