Bain Capital plans to invest $1 billion in India over three years, says report
Updated : November 28, 2019 10:56 AM IST
Bain Capital, the US-based private equity investor, is looking to invest around $1 billion in the country in the next three years.
The development reveals the investor's confidence in the Indian economy despite the ongoing slowdown.
While IMF slashed its economic growth forecast for India to 6.1 percent from earlier 7 percent for the current fiscal, Moody’s Investors Service cut India’s credit ratings outlook to negative.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more