I just returned after spending a few weeks in New Delhi, India. The incredible pace of growth in India inspired me to see if I can participate in the growth by investing. India does not allow direct investment in equity markets for non-resident Indian citizens (and definitely not not foreigners). I do invest in US-listed ADR like Infosys (INFY) and exchange traded funds or closed-end funds like the India Fund (IFN). But I wanted to invest directly. One option available is real-estate.
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