Dr Chandan's Notes From Abroad: India
Commercial Observer reports: In his weekly Lead Indicator column for the Commercial Observer, Dr. Sam Chandan leveraged his recent experiences traveling in India to discuss the nation’s prospects in commercial real estate. India’s government has recently come under fire for being unprepared to host the October 2010 Commonwealth Games. As it has been just two years since the successful Beijing Olympics and only a few months after Canada’s tremendously well-received hosting of the Winter Olympics, comparisons cannot help but be made. “If hosting global games are a measure of global stature, India has risked seeming hapless and dangerously ill-prepared for a global role when compared with the Middle Kingdom…while loath to admit it, many Indians make a pastime of benchmarking the country's economic and social progress against China's. The comparison is rarely easy,” stated Dr Chandan.
India, the “I” in the oft-mentioned “BRIC” nation cohort, is currently plagued by inefficiencies in government and the private sector, as well as a lagging infrastructure. “Despite these complications, the Indian outlook is bright nonetheless,” stated Dr Chandan. He believes that the country’s strong foundations in democracy, free thinking, and “entrepreneurial zeal” will eventually shine through, as corruption, bureaucracy, and the nation’s complex legal structure subside. He also added, “As the long-term outlook for the world's advanced economies moderates and the balance of capital formation and real economic activity becomes more globally balanced, capital from India will inevitably fuel property investment in the United States.”
View the full article on Commercial Observer: Dr Chandan's Notes From Abroad: India
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