Why India's growth should stay resilient

The developed world phenomenon of rising rates impacting growththrough a slowdown in property markets & corp spending won't happen in India. Indian property cycle has multi-year pent-up demand and is more dependent onpricing sentiments (now strengthening) instead of mortgage rates.

Corporate sector leverage is at a cyclical low & corp spending will likely rise. India's GDP growthshould, at best, witness a marginal slowdown due to rising rates.

The Indian housing cycle is not dependent on mortgage rates... The Indian housing market is different. Unlike in the western world, even at the lowest level of mortgage rate (6.5 per cent a