The real estate sector in our country is passing through troubled times, beleaguered by a slump in the sales and, consequently, the slowing down of the construction activities. The currency recall move by the government is also being predicted as a precursor to stagnant growth in this very crucial sector that is the second largest employer after agriculture and is the very pulse of allied industries ranging from steel to bamboo.
There are lot many 'may' doing rounds in media, rarely is anyone certain about how the Indian economy will respond to government's move of stripping INR 500 and 1000 notes of their legal tender status. This is why we do not have 'will' in any opinions and forecasts. Consumption 'may' be hit, GDP growth 'may' plunge, inflation 'may' ease and unorganised sector 'may' be the casualty, are a few estimates by financial and political pundits.
Indian Prime Minister Narendra Modi, even after the so-called honeymoon period, continues to be very popular in India as well as abroad. According to a recent survey by Pew Research Center and published by Forbes in September this year, Modi's popularity, even more than two years after he was swept to power in 2014, is pretty high at 81%. Despite his sustaining approval among the public, he has created extremely powerful and very vocal enemies too.