LGT Bank Asia on why investors are excited about India despite high valuations

International investors are showing a growing interest in India, Stefan Hofer, MD & Chief Investment Strategist, LGT Bank Asia, told CNBC-TV18 while sounding an alarm on valuations.

“We have to recognise that international investors are increasingly very excited about India. So the combination of structural reforms plus the ongoing boom in infrastructure means that valuations could be a little high right now..," Hofer said in an interview on October 6.

However, he said investors are looking through that basically on the idea that "...the next 3-5 years could see a structural uplift in terms of India’s potential GDP growth rate and that makes it still a very good buying opportunity right now.”