Here is an article from Knowledge@Wharton and it presents the view of one international private equity firm
Reasons why Warburg Pincus is bullish on India: (courtesy: Indianstock blog)
* Foreign institutional investment has boomed (more than $12 billion in 2003-04) as curbs on foreign investment in Indian industries have been relaxed; there is a virtually open skies approach to investment from the United States.
* Gross domestic product has grown at rates between 6.5% and 8% in recent years.
* The volatility of the Indian rupee has been curbed and inflation has declined. “There are smart people running that economy.
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