Despite the boom in real estate sector, home loans to GDP ratio in India continues to be a dismal 5 per cent as against 50 per cent in US and UK. These observations were made by the Associated Chambers of Commerce and Industry of India (Assocham), which also pointed out that since buying a home requires huge investment, higher home loan GDP ratio is necessary as 90 per cent of borrowers are the ...
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[Source: Yahoo! News Search Results for personal loan]
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