Investors want more of India as it improves infra: Goldman Sach's Sengupta

Foreign investors are showing increased interest in India, as Asia’s third-largest economy ramps up its manufacturing capacity and improves infrastructure, said Santanu Sengupta, Chief India Economist at Goldman Sachs Group Inc.
 

As investors chase markets with digital new economy assets, India has consistently attracted annual foreign direct investments of $50 billion to $55 billion, even in the pandemic, Sengupta said in an interview with Bloomberg Television’s Haslinda Amin and Rishaad Salamat. 

Government incentives for companies that expand their manufacturing base in India are a big draw, he said. “There is clearly a lot of interest from foreign institutional investors, especially