You are here

Modi's home-for-all pledge could become India's subprime problem

Loan defaults are rising in the affordable housing sector, with the PM under pressure to write them off before he faces re-election next year

Mumbai

INDIA'S US$207 billion bad loan pile could get worse.

Delinquencies are rising in the affordable housing sector, a pet project for Prime Minister Narendra Modi that's touted as a main growth driver for Asia's third-largest economy.

Most of these were loans below 200,

sentifi.com

Market voices on:

Powered by GET.comGetCom