To the extent that, over time, a better balance is established, we will be better off not incurring too much debt, and having housing prices go too high, while this is occurring. I want to make it clear that the Reserve Bank does not have a target for the debt-to-income ratio or the ratio of nationwide housing prices to income.
I am told that the participants are interested in learning about the state of the Indian Economy, the barriers, opportunities and expectations for the near future as well as the Central Bank’s views on banking, SME financing and factoring.