The question has become inevitable now. If true, we can only pray for a soft landing
An economy can be said to be overheated when overall demand exceeds supply. The demand pushes prices up and in open markets, speculation adds to the pressure. Asset prices are usually a good indication of overheating, but the higher asset prices need not always be demand-driven, especially in the current global situation.
Taking Stock(This story appears in the 17 December, 2010 issue of Forbes India. To visit our Archives, click here.)