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Uday Kotak says now is best time to invest in India, lists 5 'right' sectors

Kotak Mahindra said "right sectors" to invest in India include digital, e-commerce, technology, pharmaceutical and consumers.

October 20, 2020 / 06:17 PM IST

Asia's richest banker, Uday Kotak said that now is the best time for overseas investors to invest in India as the economic impact of coronavirus pandemic has made the valuation of businesses attractive.

"I always believed you have to invest in India when things look more challenging," Kotak, managing director of Kotak Mahindra Bank Ltd. said in a conversation with David Rubenstein, co-founder of Carlye Group Inc. during a Bloomberg summit.

According to the banker, "right sectors" to invest in India now include digital, e-commerce, technology, pharmaceutical and consumers.

Responding to Kotak, Rubenstein said that the best place to invest in the world, outside of the US, over the next ten years is "certainly going to be India and China."