Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

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Recent India research

* India: Fiscal policy puts Modi at odds with RBI, Shumita Sharma Deveshwar, 12 Oct 2017
* India: Gujarat poll to test identity vs economics, Amitabh Dubey, 5 Oct 2017
* India In Charts: A disappointingly slow recovery ahead, Shumita Sharma Deveshwar, 21 Sep 2017
* India: RBI firm on inflation, despite growth risk, Shumita Sharma Deveshwar, 14 Sep 2017
* India: Modi risks losing control of jobs narrative, Amitabh Dubey, 8 Sep 2017

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The housing price rebound is built on sand

Overview

India’s real estate developers have rebounded after coming close to bankruptcy during the 2008 global financial crisis: stock prices of property developers have rallied over the past six months and improved liquidity in the financial system has helped companies clean up their balance sheets. With home buyers returning to the market to purchase highly discounted properties, several companies posted double-digit quarter-on-quarter revenue growth in July-September. But developers’...

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