Amidst concerns in the regulatory-driven sectors s¬uch as power, there are opportunities in a slew of sectors in India, ranging from e-commerce, IT and IT-enabled services, NBFC, he¬al¬thcare, insurance and renewable energy, according to panellists at the India Economic Summit.
They also felt that key sectors such as infrastructure, where regulatory concerns are making investments risky, may provide better returns in the long-term given the lower valuations at the moment.
VK Bansal, chairman, India – investment banking, Morgan Stanley India, said e-commerce and internet companies from India on a high growth path. He reckoned more companies from this space to raise funds from overseas investors in the next 6-12 months by listing in the US markets. MakeMyTrip, wh¬ich raised nearly $70 million via ADR in August 2010, was managed by Morgan Stanley.
We expect more such offerings from e-commerce space in next 6-12 months, he told during the summit.
Sandeep Naik, co-head & MD, India of Apex Partners India, a private equity fund, said niche segment within the financial services sector such as gold-loan firms, regional media and retail offered spectacular prospe¬cts. Consumption is a big theme, Naik said, speaking at a session on Where is the most promising growth prospect in Indian markets for global and domestic investors?
Udayan Sen, CEO and managing partner, Deloitte India, said IT and ITeS companies in India are moving up the value chain, and would do well because of that.