4 ms·
Very important points - all of them very valid. Except maybe this: " I don't see them growing exponentially for at-least two generations(i.e about 50-60 years)"
by npguy 14y ago
Very important points - all of them very valid. Except maybe this: " I don't see them growing exponentially for at-least two generations(i.e about 50-60 years)" - I would say, there are so many variables that decide this. For example, taking huge housing loans was something unimaginable few years back in India. I guess my point is this: if we think it will take 60 years, it will probably take 6. or less than that.
- realrocker 14y agoLet me explain that more. Based on some projections(http://articles.economictimes.indiatimes.com/2011-11-12/news/30391268_1_largest-economy-demographic-dividend-indian-economy http://articles.economictimes.indiatimes.com/2011-11-12/news...) India will have spending power matching present best. My hypothesis is that as there is more liquidity to go around, families won't need the economic pressure to stay nuclear close. This would lead to break down in credit discipline and thus allowing the emergence of credit cards. Right now and for two generations this does not feasible(i.e by and after 2050). Well, based on one of the many variables atleast, though a major variable.
- realrocker 14y agoSo in my opinion, if someone does want to track some finance stats in India, they should primarily target for Life Insurances, Mutual funds and other savings instruments. There is also an impending FDI(Foreign Direct Investment) in Life Insurance. That thing is ready to explode in the next 3-5 years.