Macro and micro economic conditions makes investment opportunities in India a lucrative option.
In an interview published by the Economic Times on Friday, Blackstone’s chairman Stephen Schwarzman stated, given India’s current scenario, this is the best time to invest in the country.
With India’s reform-oriented government, new opportunities in bankruptcy and structured capital services, weak rupee, and bumper exits, India is a favorite for aggressive purchases by Blackstone.
Schwarzman is the chairman of the world’s largest private equity.
He said, India offers tremendous scope for expansion in the private credit sector given that Indian banks are staring at a $142.2. billion (10.2 trillion rupees) in bad loans. Because of this they have also shrunk their wholesale lending books.
A debt crisis at a major infrastructure lender in September 2018 added to an already slowing economy, prompted the government to step up pressure on the Reserve Bank of India (RBI) for boosting lending growth.
Schwarzman went on to add, distressed space offers loads of opportunities.