India moves to make 'housing for all' a reality
Edited By WION Video Desk
Published: Sep 25, 2023, 19:30 IST | Updated: Sep 25, 2023, 19:30 IST
According to two government sources who spoke to Reuters, India is thinking of investing 600 billion rupees ($7.2 billion) over the next five years to offer subsidized loans for modest urban dwellings. Ahead of significant state elections later this year and the national elections scheduled for mid-2024, banks are expected to implement the program in the coming months. The South Asian nation reduced household cooking gas prices by almost 18% last month in an effort to control inflation before elections.
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