How Long Before Indian Economy Tanks.

[dkc]

An opinion piece on the fragile Indian banking system

 

http://www.firstbiz.com/economy/crony-capitalism-the-truth-about-indian-banking-is-finally-coming-out-77482.html

 

highlights:

 

1. Bad credit appraisal procedures by banks in boom time.

 

2. 25% non performing assets in the banking sector.

 

3. Most affected industries are in capital sector (infra, iron & steel, aviation, power, mining)

 

Looks like real estate is the only sector where you can safely park money in India now. And when economy tanks, even that will go up in flames (hopefully).

 

 

[cherlapallifailure]