by Mr. Anuj Puri, Jones Lang LaSalle India..
Commercial Real Estate 2013:
A Review..
Economic Activity Picked Up From Declining Growth In 2H-2013
Economic factors that influence office space demand
broadly fall in the categories of domestic
consumption, industrial production and / or exports,
with each factor having strong inter-dependence.
While economic activity declined since the start of
2012, readings of 2H-2013 suggest early signals of revival in industrial activity and exports.
However, since this growth is on a low base from last
year, it may not yet provide concrete signals of an emerging new growth cycle.
The recent surge in exports growth could be merely a
consequence of the weakened rupee, which makes importing from India cheaper for
foreign entities.
Additionally, there are still headwinds to growth in the
form of inflation threat, global capital flow uncertainty and the upcoming 2014 general elections. Higher inflation
against low economic growth rate has been a dilemma for policymakers.
About the author
Mr. Anuj Puri is Chairman & Country Head at Jones Lang LaSalle
India
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