Abstract
Improved infrastructure is a critical factor in the continued economic growth and urbanisation of India. Private investment is expected to be an essential component of this India infrastructure development. This paper assesses the significance and performance of infrastructure in India, by assessing the risk-adjusted performance and portfolio diversification benefits of listed infrastructure companies in India over 2002-2009. Indian infrastructure is seen to deliver strong risk-adjusted returns compared with the other infrastructure sectors in the Asia-Pacific area and globally, as well as compared with Indian stocks and global stocks. Portfolio diversification benefits were also evident in an Asia-Pacific and global infrastructure context. Indian infrastructure showed a high degree of robustness during the global financial crisis; however, some loss of portfolio diversification benefit was evident. The implications for infrastructure in India and the future structural impediments to the continued development of effective infrastructure in India are also identified.
| Original language | English |
|---|---|
| Pages (from-to) | 15-34 |
| Number of pages | 20 |
| Journal | Journal of Property Research |
| Volume | 28 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2011 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 10 Reduced Inequalities
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