India: NYC’s next investment powerhouse?

Indian investors may not be on the local real estate en masse now, but some predict that they’ll be big players soon

Indian Investors
Narendra Modi, India’s Prime Minister, is promising economic reform

From the September issue: “My dear countrymen, the world has changed,” India’s Prime Minister Narendra Modi told a crowd of thousands last August. “Now India cannot decide its future by remaining isolated and sitting alone in a corner.”

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The remarks — made in a speech by the newly elected leader on India’s independence day roughly a year ago — echoed the widespread hope that his reformist government can overcome decades of poverty and stagnation and turn the South Asian behemoth into a global economic force to rival China. [more]