A change in government, greater transparency for foreign investors and a crackdown on corruption has driven interest for investment in India
A change in government, greater transparency for foreign investors and a crackdown on corruption has driven interest for investment in India. The NIFTY has risen 23% over the past year and is one of the better performing Asian markets. Kerr Neilson says following the election of the Modi Government India is now geared for growth. The nation has unambiguously embraced the hope for economic reforms and a development bias over the former diet of handouts and subsidies. Ben Salmon, CEO of Assetz, has been successfully developing high end property in India for the past decade. Ben says that the speed and conviction with which the new Government is supporting foreign investment is flowing through to more than just the stock market. Ben spoke to us about the significant demand for low cost housing that can now be addressed as Government support makes previously challenging developments commercially viable and attractive:
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