FILE PHOTO: Workers paint the exteriors of a newly constructed residential building on the outskirts of Kolkata, India, July 5, 2019. REUTERS/Rupak De Chowdhuri/File photo
That gloomy job market was likely to hurt demand and already-slowing housing market activity, suggesting a recovery would not come any time soon, according to the Sept. 16-28 Reuters poll of 15 analysts. While house prices were expected to decline, retail inflation held above the central bank’s medium-term target range of 2-6% for the fifth consecutive month in August, giving little room for the RBI to support the economy.
“Given the rising number of cases, any re-imposition of restrictions could delay the prospects of recovery and increase pressure to liquidate inventory, even below fair prices.”
Indians don't care about economy. Modi talk about dog breeds, most of Indian media talk about bollywood and most of people are busy watching IPL. All are happy.
Last year , Indian house prices rose 3.3% on average , lagging a 3.7% average rise in consumer prices .
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