India is likely to be the fastest growing economy in the world in 2018 beating China, the World Bank recently said in its Global Economic Prospects report. Several leading global institutions such as the International Monetary Fund and ratings agency Moody’s, too, have given India a thumbs on its economic outlook. Even as the hard-core structural reforms initiated by the Narendra Modi government in 2017 have been decried by a section of observers – who blamed the slower economic growth last year to these moves – the global investor community has taken a positive view of initiatives such as Goods and Services Tax and Insolvency and Bankruptcy Code, among others.
Strong macro-economic fundamentals, a large consumption market, an accountable system, good governance and democracy continue to be India’s biggest attraction as an investment destination for strategic as well as financial investors. Alternative investing community feels there hasn’t been a better time to take a bet on India. This sentiment is borne out by the fact that the year 2017 saw the highest ever deployment of private equity, real estate and infrastructure funds in companies across different phases of life cycle.
According to data collated by VCCEdge, the data and analytics platform of News Corp VCCircle, more than $23 billion was invested in India by various alternative investors in 2017 against $14 billion in 2016. Industry stakeholders are hopeful that 2018 will be even better thanks to a huge pile of dry powder accumulated by hordes of domestic as well as global fund managers.
To celebrate the India investment story, spot opportunities and gauge challenges, and to map the economic and business environment, News Corp VCCircle is announcing the 9th edition of its flagship India Limited Partners Summit. The Summit will be held in Mumbai on 20 – 21 February and will be attended by industry leaders, renowned global limited partners, general partners of domestic as well as global private equity funds, high net worth individuals, lawyers, and investment bankers.