Business and legal professionals gaze into their crystal balls and share their predictions for the year ahead
India Business Law Journal invited senior lawyers, corporate counsel and a risk and security expert to predict the economic, legal and geo-political developments that will impact domestic and international businesses in 2010.
Economic growth and revival
Balaji Rao, managing director, Starwood Capital India: Given the financial roller coaster ride experienced in the last two years globally, and in India over the last year, it is extremely challenging to stick one’s neck out in forecasting the future. However based on the factors of sentiment and momentum, I believe that 2010 will be characterized by signs of recovery, rebound and revival around the world and especially in emerging markets like India.
The liquidity awash in the system will be directed towards deleveraging in developed economies and towards capital formation in India. We are therefore likely to witness a steady flow of foreign institutional investment and foreign direct investment into sectors such as automotive, pharmaceuticals, real estate, banking, financial services and insurance.
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