Now Reading: India Must Attract Global Capital and Unlock Domestic Savings
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India Must Attract Global Capital and Unlock Domestic Savings
India needs an investment environment that offers global capital strong, sustainable returns, Nilesh Shah writes in Business Today. He argues that India should actively market successful investments and show how long-term foreign…
The Story in Brief
India needs an investment environment that offers global capital strong, sustainable returns, Nilesh Shah writes in Business Today. He argues that India should actively market successful investments and show how long-term foreign investors have created wealth.
Shah cites Prudential’s investment in ICICI Prudential Asset Management, whose value has risen sharply over nearly three decades. He also points to domestic savings held in gold, silver, diamonds and other precious assets. Bringing more of this money into productive investment, he argues, could reduce India’s dependence on foreign funding and give the country greater bargaining power with global investors.
The Indian Opinion
The easy narrative is that India can choose between foreign money and domestic savings. It cannot. Foreign capital brings scale and competition, while household assets cannot be redirected without trust, liquidity and suitable products. Claims about vast locked-up wealth also need careful measurement, since not all gold or jewellery is available for investment. The useful test is whether new channels bring household savings into productive assets without raising risk for ordinary investors.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
