Experts from the fields of investment management and banking have stressed the potential of India to provide good returns on investment for foreign capital and called on US investors to tap into the opportunities here.
Speaking at the Indo-US Partnership Vision Summit 2021 organised by the IMC Chamber of Commerce and Industry, experts said foreign capital remains well positioned to see growth and will remain an integral part of India's development story in the near future. They also pointed out that while the equity market has seen robust growth, the capital market has to catch up.
Kaku Nakhate, President and Country Head (India), Bank of America said the outlook remains positive despite the ongoing COVID-19 pandemic. "The potential to earn is huge. Over a period of time, whoever has decided to remain here has always ended up making the right amount of money. But money has to be patient in India for it to really yield good returns," Nakhate argued.
Nakhate pointed out that equity markets have performed well historically and despite the COVID-19 pandemic, the results of companies have been good. She also said that India stands out among emerging markets for its growth opportunities and sectors like pharmaceuticals and technology will continue to see good traction.