A couple of weeks ago, while writing about the success of the black money declaration scheme, I referred to the collapse of real estate as a viable investment option. As expected, this brought a flurry of protesting emails from a lot of people who seem deeply committed -not just financially but also emotionally -to the idea of real estate being not just a great investment but the only viable investment option.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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