New Delhi (The Economic Times): Amid projections of up to over 9% growth in India's economy this fiscal year (ending March 31. 2011), ratings firm Moody's has cautioned against overheating that can result in probable asset bubbles. Follow up:
"We see risks of an overheating economy given our expectation of continued strong economic and credit growth, while real estate prices in metropolitan areas and equity markets have already recaptured their pre-crisis peaks," Moody's Vice-President Nondas Nicolaides said. Read more.....
Hat tip to Sanjeev Kulkarni.