HDFC Chairman Deepak Parekh has said India should reach out to global investors for a larger share of long-term foreign direct investment.
“Investment yields have fallen to zero and negative rates across many advanced economies. For the first time in history, close to one-third of the world’s government bonds worth over $13 trillion have negative yields,” Parekh said. Global investors are searching for higher yields on their investments and India has been working hard to improve its image as an attractive investment destination, he said at the IMC seminar. According to Parekh, the world is increasingly looking at India as an investment destination.