morning thoughts...
The markets kept on being volatile and will continue so in the coming session
India's rate of urbanization has been lower than that of China in the past two decades. In India, only one-third of the population resides in urban regions. In contrast, nearly half of the population in China lives in urban areas. And one of the reasons for the divergence is agriculture which still remains the dominant source of employment in India with close to 50% still earning their livelihood from farming. On the other hand, a large part of the Chinese population earns its livelihood from industrial and services jobs, thereby pulling more of its population in urban areas.
But as per the World Bank report, India's urban population is much higher at around 55% based on agglomeration index. This index also takes into account the population density and the spread beyond official city borders. As per the report, these regions have strong urban characteristics even though they are not officially recognized as urban. Therefore the suburbs are growing more rapidly than the city centres.
To address the need of the fast growing urban population, the Indian government has launched a scheme 'Housing for All by 2022' aimed at urban areas. In order to provide a fillip to the demand for affordable home loans, recently the government increased the amount that can be lent by banks to purchase homes. In addition, the government has also allowed six new entities to function as housing finance companies that will focus mainly on the affordable housing segment.
Stocks to watch
Buy jindal steel , vedanta , ge shipping
Buy tata steel 250 ca , hindalco 90 ca , hdil 80 ca
Buy nifty and bank nifty on dips
The markets kept on being volatile and will continue so in the coming session
India's rate of urbanization has been lower than that of China in the past two decades. In India, only one-third of the population resides in urban regions. In contrast, nearly half of the population in China lives in urban areas. And one of the reasons for the divergence is agriculture which still remains the dominant source of employment in India with close to 50% still earning their livelihood from farming. On the other hand, a large part of the Chinese population earns its livelihood from industrial and services jobs, thereby pulling more of its population in urban areas.
But as per the World Bank report, India's urban population is much higher at around 55% based on agglomeration index. This index also takes into account the population density and the spread beyond official city borders. As per the report, these regions have strong urban characteristics even though they are not officially recognized as urban. Therefore the suburbs are growing more rapidly than the city centres.
To address the need of the fast growing urban population, the Indian government has launched a scheme 'Housing for All by 2022' aimed at urban areas. In order to provide a fillip to the demand for affordable home loans, recently the government increased the amount that can be lent by banks to purchase homes. In addition, the government has also allowed six new entities to function as housing finance companies that will focus mainly on the affordable housing segment.
Stocks to watch
Buy jindal steel , vedanta , ge shipping
Buy tata steel 250 ca , hindalco 90 ca , hdil 80 ca
Buy nifty and bank nifty on dips
