Interestingly, ET has following article which confirms that India is a lawless country and it is not safe to invest in India.

http://economictimes.indiatimes.com/news/news-by-industry/services/travel/visa-power/NRIs-flood-govt-with-real-estate-grievances/articleshow/5394071.cms

Thanks for the response.

Quote:

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Originally posted by Nightmare

I believe that in future , due to abundance of natural resources in Canada, Canadian dollar should appreciate against the world currencies , more so against Indian rupee as the Congress Govt has bankrupted the economy. Present relative strength of rupee is due to heavy inflow of foreign currency in India for portfolio investment (hot money which can be withdrawn any time) and ECB / FCCB borrowings. When chickens will come home to roost in 5 years, Rupee should and would depreciate heavily. Just look at the Indian companies who borrowed by issuing FCCB. The stupid guys had nice time while FCCB interest rates were low and then boom... Rupee depreciated so quickly against Japanese Yen (Most borrowing were in Yen) and in a year they lost their clothes. So my friend, do not bank upon strength of Rupee which is artificial. India has HUGE trade deficit.

As regards tax treaty, once the treaty is signed, one may be in trouble because Canada taxes WORLDWIDE income.

As regards illegal occupation, its very common , especially if youa re NRI and there is no one supervising the property. India is truly a lawless country. Where the court disputes take decades to get resolved, how do you have to have justice?

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The weak died on the way,
Only the strong arrived.
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