The significance and performance of infrastructure in India

Shaleen Singhal, Graeme Newell and Thi Kim Nguyen

Journal of Property Research, 2010, vol. 28, issue 1, 15-34

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.

Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/09599916.2011.544147 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jpropr:v:28:y:2010:i:1:p:15-34

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJPR20

DOI: 10.1080/09599916.2011.544147

Access Statistics for this article

Journal of Property Research is currently edited by Bryan MacGregor

More articles in Journal of Property Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().