India a bright spot in the global economy, says IFCs Neha Grover
As India continues to offer a fertile ground for private equity investments, the convergence of experienced fund managers, sustained growth, and successful exits positions the country as a bright spot in the global economic landscape. Investors, both old and new, seem poised to capitalise on the promising opportunities that India presents across diverse sectors.
India continues to shine as a beacon of optimism and opportunity in the global economy, attracting both seasoned and new investors.
Speaking to CNBC-TV18, Neha Grover, South Asia Head of PE Funds at IFC highlighted that demographic dividend, supportive policies, and experienced fund managers make India a conducive environment for private equity and growth investing.
IFC has been a long-term investor in India, dating back to 1958. Over the years, they have collaborated with major corporations such as HDFC and Bharti Airtel, establishing themselves as one of the earliest investors in the Indian market. In the past year alone, IFC deployed and mobilised approximately $3 billion in the country, making India a focal point for their investments.
Srikrishna Dwaram, Partner at True North echoed Grover's positive sentiments, identifying manufacturing, agriculture, infrastructure, and technology as sectors with substantial opportunities. Dwaram highlighted that True North has been focusing on these sectors for over a decade and expressed confidence in their growth potential over the next 5-10 years.
Dwaram categorised investors into three groups: those with a long history of investing in India, those who had negative experiences and retreated, and entirely new investors entering the Indian market. Despite varying experiences, Dwaram observed a high level of optimism among all three categories.
Watch accompanying video for entire conversation.
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