By Jag Jivan India’s housing market is increasingly showing two very different faces: affluent buyers are driving demand for premium homes, even as the supply of genuinely affordable housing continues to shrink.
India’s rapid economic expansion is accompanied by an increasingly concentrated distribution of wealth, raising fresh questions over how fheadline GDP figures reflect the economic reality of ordinary Indians. A two yearold social-media post by former bureaucrat Anil Swarup , founder chairman of Nexus of Good , has resurrected a debate over the gap between India’s aggregate economic size and the wealth held by its richest citizens. Swarup argues that looking only at GDP per capita can obscure the extent to which wealth is concentrated among a small section of the population.