MISH’S Global Economic Trend Analysis
On August 1, in IndiaHousing Bubble Still Expanding I posted a series of charts by
Deepak Shenoy, an economic blogger at Capital Mind in India.
Those charts showed the bubble in India was alive and growing. Here is one of the charts and a small bit of commentary ….
As of March 2013, Prices have more than doubled since 2009. The All-India Index is at 211, from 100 in March 2009.\
[...] The bubble is intact.
But is
the bubble bursting? QoQ growth is the second lowest since the data has
been recorded – an all India QoQ growth level of 2.1% (versus 6.4% last
quarter).
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