Posted 28 Nov 2008

The recent attacks in Mumbai are unlikely to affect people moving to the country and investing in property in the long term, it has been suggested.

Joseph Poon, the head of Singapore-based Macquarie Private Wealth Asia, told news agency Reuters that current concerns are more those of "physical fear", rather than "investment fear".

He said people are aware of India’s intrinsic risks and as such does not believe the investment climate is likely to alter.

"In the short term there may be a bit of shock – but the market will quickly bounce back," Mr Poon continued.

Meanwhile, Tsering Bhalla an expat from India, said people are shocked, but added "life goes on".

She stated the expat community has seen India go through problems in the past and come out on the other side relatively unscathed.

In recent days, i-to-i explained that it is continually monitoring the situation in India to ensure any risk to its volunteers is kept to a minimum.

Category: Asia, Moving Abroad