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HDFC chairman Deepak Parekh says slowdown temporary as demand for assets growing

HDFC chairman Deepak Parekh exuded optimism that the slowdown, driven by lower consumption, is "temporary" in nature as there is adequate demand for assets across the country. There has been a distinct slowdown in the economy which was reflected in the lower GDP growth of 6.8% in FY19, he said. There remains adequate demand for affordable housing across the country, which is supported by the government flagship credit-linked subsidy scheme and incentives provided to developers to increase the supply of affordable homes. 

Read More at The Economic Times News date : 6 Aug 2019, Tuesday

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