Changing the law is one thing, tackling the corruption in the legal system another. I'm really not sure if this makes it all that more attractive to me as an investor; in a place like India, you never which corrupt person or entity is going to screw you!
>I'm really not sure if this makes it all that more attractive to me as an investor
The article talks about foreign investments being attractive now specially in distressed assets and bad debts.Prior to this investment in this particular sector was relatively very slow and underperforming.The regulation of the default being handled in 180 days is a brilliant move.
>in a place like India, you never which corrupt person or entity is going to screw you!
Investments in a country depend on a lot of factors, corruption being one of them.India from a pure market point of view is still one of the top lucrative investment opportunity for all investors.
I think having a holistic point of view that Indians and Indian entities are out there to screw every investor is totally a childish point of view! India does have problems and are working hard to solve them.