According to Uday Kotak, among the ‘right sectors’ to invest in include digital and e-commerce. FMTNews India
Uday Kotak, Managing Director of Kotak Mahindra Bank, poses for a picture at the company’s corporate office in Mumbai in January 2015.
With half a billion Internet users and growing, overseas investors had been pouring money into Indian companies in sectors from e-commerce to digital payments – similar to the early days of China’s digital boom. His Reliance Retail Ventures Ltd has embarked on its own fund-raising spree, mopping up US$5.1 billion from private equity and sovereign wealth funds in the past two months.
“The best place to invest in the world outside of the US over the next ten years or so are certainly going to be India and China,” said Rubenstein. “India has not had as much capital from outside as China has had, but I do think in the next ten years that would change, and India is increasingly seen as an attractive place to invest for foreign capital.
The banking sector is “ripe for significant structural change,” Kotak said. The market share of private sector banks in India will rise to about 50% from the current 35% over the next decade, according to Kotak.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India frees top Kashmir politician after 14 monthsMehbooba Mufti was arrested under an act that allows detention up to two years without charge or a trial. FMTNews India
Read more »
Wisma Putra: Sixteen Malaysian tabligh members return from India | Malay MailKUALA LUMPUR, Oct 14 — Sixteen Malaysian tabligh members arrived home safely from Hyderabad, India today via an Air India Express flight, said Deputy Foreign Minister Datuk Kamarudin Jaffar. He said another tabligh member from New Delhi had returned to Malaysia via the same airline on October 9....
Read more »
16 Malaysian tabligh members return from India | The Malaysian InsightWisma Putra says they arrived from Hyderabad today on an Air India Express flight.
Read more »
Floods kill 60 in India, damage crops | Malay MailMUMBAI, Oct 16 — Floods brought by heavy rains and overflowing rivers across large swathes of western and southern India have killed at least 60 people since Wednesday and damaged rice, cotton and other crops worth billions of rupees, officials said. The worst affected state was Telangana, where...
Read more »
Sixteen Malaysian tabligh members return from IndiaKUALA LUMPUR: Sixteen Malaysian tabligh members arrived home safely from Hyderabad, India yesterday via an Air India Express flight, said Deputy Forei...
Read more »
16 Malaysian tabligh members return from India | The Malaysian InsightWisma Putra says they arrived from Hyderabad today on an Air India Express flight.
Read more »