Friday, April 4, 2008

Black money saves financial sector

A housing boom-and-bust has engulfed the US financial sector in crisis. India, too, has experienced a runaway real estate boom, which in a few areas is going bust. The share prices of real estate companies have crashed. Yet, India has no mortgage crisis or financial sector crisis.
Black money saves financial sector-Swaminomics-Swaminathan A Aiyar-Columnists-Opinion-The Times of India

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