Bankers foresee a substantial recovery from the economic slowdown in 2010 and feel that this could lead to a pick up in credit growth thereby resulting in higher interest rate regime.Rising inflation could soon compel RBI to hike Cash Reserve
In India, the ratio of mortgage to gross domestic product (GDP) is low at 7 percent indicating a huge potential in the housing sector in the coming years. This ratio stands at 12 percent for China, 41percent for Hong Kong
