Growth opportunities in India 'compelling', says DBS CEO

Another speaker said India is on the threshold of a digital revolution

Investors should look to India optimistically for business where growth opportunities are "quite compelling", a leading Singaporean banker has said in Singapore.

"I think India's time is nigh. People have been talking about a change in the last 2 or 3 years. I think in many ways a lot of what is going on in India has long-lasting consequence and is sometimes underappreciated," Piyush Gupta, chief executive officer (CEO) & Director of Development Bank of Singapore (DBS) Group, said at the Emerging India Forum 2017.

"I believe that in the medium-term, business opportunities and growth opportunities are going to be quite compelling," he said.

"And therefore, for people whether it is FDI (Foreign Direct Investment) or even Indian money wanting to return home, this might be a good opportunity to look optimistically at the country," he said.

Among other speakers, Tata Steel Special Economic Zone Managing Director Arun Misra said India is on the threshold of a digital revolution.

Business leaders at the forum also highlighted potential opportunities in the conversion of the Indian economy into a digital less-cash economy.

They called on the Government to accelerate implementation of the key legislations towards achieving a positive investment climate in India, including Make in India, Skill India and initiation of Land and Labour Reform.

The forum was organised on March 27.