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India’s Property Shortage, Corruption and Bureaucracy
Monday, December 10, 2012 16:41
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From
BBC News – India's property sector is at the center of its corruption and bureaucracy problems.
The BBC article points to two interesting references.
1. A white paper on Black Money in India (98 pages, May 2012) It estimates that the size of India's shadow economy may vary from 25% to 50% of the country's annual gross domestic product (GDP).
2. India's housing shortage is detailed in another report (30 pages)
The shortage of residential houses in urban India would rise from 24.71 million in 2007 to 26.53 million in 2012.
See more and subscribe to NextBigFuture at 2012-12-10 16:22:37 Source: http://nextbigfuture.com/2012/12/indias-property-shortage-corruption-and.html
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