LAS VEGAS-In an expansive interview at RECon2014, Anuj Puri, chairman and countryhead of JLL in India, discussedthe problems and the promise of the country's political andeconomic turmoil. A new government is now in place, and a new primeminister, Narendra Modi (NaMo), is making all ofthe right promises, said Puri, including a new-broom approach togovernmental inaction. The new government, Puri indicated, is also“very pro-business.”

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But as he explained, the government was in place for literallydays when RECon convened, so any positive effects from a leaderpromising reformation had yet to be felt. In the meantime, India'sstruggling economy and restrictions on foreign investment are stillproblematic. However, its now-booming equity markets, which haveturned around the corner since NaMo came to power, do herald thecoming of good times in the future.