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'MODInomics' Impact on Real Estate in India
Particularly in India, the election of Narendra Modi as Prime Minister has not only changed the way India Inc. thinks, but also the world's perception of India Inc. This perception has been reinforced by external funding agencies such as the IMF, which revised growth estimates and predicts that India's GDP growth will overtake China's by 2018. In the pipeline are projects such as smart cities and a Silicon Valley in India, which will modify the nature of demand. The implications for CRE executives are manifold. Not only do they have to identify the changing nature of demand for commercial and industrial spaces, but address supply side issues for the creation of agile GenY workspaces and larger warehouses.
Keywords: 2016 Singapore Summit, APAC, Singapore2016, India, GDP, smart cities
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