Indias last three budgets, which can be seen as statement of economic policy, have focused on two major principles: to portray India as an attractive destination for capital, and increase in public spending to raise returns and attract private investors.
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trumps campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws?
- The market size of the Indian real estate sector stood at $55.6 billion in 2010–11 and is expected to touch $180 billion by 2020.
- The demand is expected to grow at a compound annual growth rate (CAGR) of 19% in the period 2010–2014, with Tier I metropolitan cities expected to account for about 40% of this growth.
- The number of new launches in the residential segment during the first quarter of 2014 has increased by 43% at 55,000 units across eight major cities. Bengaluru recorded the largest number of units launched at an increase of 22% at 16,838 units, followed by Mumbai and Chennai.
- The construction development sector, including townships, housing, built-up infrastructure and construction-development projects garnered total foreign direct investment (FDI) worth $23,131.64 million in the period April 2000–February 2014.