Had a nice meal in Delhi, India. This photo is at one of the restaurants at the brand new Ambiance Mall on the border of Delhi and Gurgaon. Ambiance is four floors high, each a kilometer long and filled with high end wares from Versace to Ritu Kumar – along with a mega-theater, and assorted restaurants. The retail business in India is getting super-hot, and the growing wealth of the middle and upper class is creating a large consumption-driven economy. But supply-side investments are large and have to be made well ahead of demand because of infrastructure build-up lead times. And given the declining growth projections one wonders if all will be well here. For now though, it’s the place to be.
