India Practice Lawyers See No Quick End to Downturn
“That means there won’t be a breakout any time in the next year,” he says.
Not all investors will sit and wait for the politics to play out, says Damodoran. Some will act fast in case the rupee trends up again. Others are simply confident enough in the long-term India growth story.
“There are as many views as there are economists and there is no single opinion on India’s prospects,” she says.
Lalwani also points out that experienced investors and their lawyers have long understood there are challenges inherent to doing business in India. He calls it a “long-term and being-patient story.” Investors know they need to be there, and that, with time, the transactions will go through.
“But there are always hiccups along the way,” says Lalwani, “and some bigger than others, but things will get done eventually with a bit more pain.”