Okay, first of all, I am not any certified financial advisor, nor do I hold any degree in the field of finance or investing. I am good at math, according to my teachers, but that does not mean anything – almost all Indians consider themselves to be good at math. Bottom-line; take this rant with a grain of salt. On a second thought, may be more like with a spoonful of salt. 
When it comes to economic growth since early 90s, the whole world is singing praises of India and China. Even the latest predictions estimate Indian GDP growth rate at more than 7%. That is more than double of what is expected in most of the western countries. So, things are not as bad as rest of the world, so it seems.
However, India has seen a tremendous growth in the last decade and beyond. Compared to only 6-7 years ago, the real-estate values have tripled or quadruped in many part of the country. The IT boom has been very significant, to say the least.
So, what is the problem? Exactly that – the long lasting boom. The upward growth has been so good for so long, that it is defying the laws of averages. Every good thing comes to an end, even though the end is hard to predict some times. Read the rest of this entry »
