What are attractive investment opportunities in India?
Sectors that require technical and labor-intensive input, such as software services, business process outsourcing facilities, and call centers. India has become a parts supplier to the global automobile industry. Biotechnology and pharmaceutical firms are emerging as international players. There are also opportunities in infrastructure investment, such as telecom, ports, roads, and airports. Please comment on India s capital markets and the role of venture capital and foreign direct investment. Today, with more than nine thousand listed companies and a market capitalization of $125 billion, India has efficient back-office and settlement systems, and the ability to attract international capital. With greater transparency and with falling interest rates, investors should find the capital markets attractive. Private equity and venture capital have played a major role in providing equity to firms before they are ready to access the capital markets. Foreign direct investment, at $3 billion
