Since the new government came to power in India, foreign and local investments have been positive. Before the election, foreign investments lagged due to the uncertainty of the political stance, however now, the expectations are positive, and although current economic factors are complex, the overall trends are positiv
Since the new government came to power in India, foreign and local investments have been positive. Before the election, foreign investments lagged due to the uncertainty of the political stance, however now, the expectations are positive, and although current economic factors are complex, the overall trends are positive.
India is a huge market; just relying on domestic demand can sustain a certain economic power. “As everybody has confidence in the future, and start to increase investments, the economy will pick up quickly. I believe within six months, we can see a clear shift,” said Anil Dhawan, Chief Executive of
DB Secure Solution.
“In the past, India imported several products. The New government is encouraging locally manufactured products – MAKE IN INDIA .” explained Dhawan. “Hopefully, it should replace many security products currently imported from China. Many of the Chinese products are lacking the standard a good customer in India is looking at. This way it will be advantageous to improve the economy and also bring high quality locally supported equipment.”
“Following the past two or three year’s downturn, the minimum growth for 2015 will be at least 10 to 15 percent. As for the new government, a lot of infrastructure projects are being pushed forward, and it will take a minimum of at least 18 months before actual security demand comes in,” concluded Dhawan.
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