LAS VEGAS-In an expansive interview at RECon 2014, Anuj Puri, chairman and country head of JLL in India, discussed the problems and the promise of the country's political and economic turmoil. A new government is now in place, and a new prime minister, Narendra Modi (NaMo), is making all of the right promises, said Puri, including a new-broom approach to governmental inaction. The new government, Puri indicated, is also “very pro-business.”
[IMGCAP(1)]
But as he explained, the government was in place for literally days when RECon convened, so any positive effects from a leader promising reformation had yet to be felt. In the meantime, India's struggling economy and restrictions on foreign investment are still problematic. However, its now-booming equity markets, which have turned around the corner since NaMo came to power, do herald the coming of good times in the future.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
