Economic and policy uncertainties may cost India annual investments of up to $3 bn: IVCA

Expressing concern over slow economic growth and policy implementation, the Indian Venture Capital and Private Equity Association (IVCA) said that looming uncertainties over economic and policy could cost India annual investments of up to USD 3 billion from private equity funds and venture capitalists.

New Delhi-based association warned that the "wait and see" approach cannot go on for a long period as the country's is already witnessed slump in cash inflows from foreign investors as they have turned "cautious" about investing in the country.

Speaking with media, IVCA President Mahendra Swarup said, ""Because of the (economic) uncertainty, India will lose about anywhere between USD 8-10 billion in the next couple of years. India tend to lose $2-3 billion every year if things don't really (improve)."

"...Things are tough and are getting tougher. Also, we know that there will be sort of uncertainty in policy making due to looming elections,' he told media.

Read more about: economy, ivca
Story first published: Monday, July 22, 2013, 9:21 [IST]
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