20% of global growth to be India's: KKR CIO

MUMBAI: A report by KKR's

chief investment officer

said that India is likely to contribute a fifth of global

incremental growth

for the next five to seven years. The report estimates $4-5 billion of annual infrastructure transfers from govt to the private sector, adding an efficiency edge to the growth.
"India could be one of the largest investment arenas to deploy capital in Asia over the next five to seven years if the country continues to stay the course on its current reform-minded path," said Henry H McVey, KKR's balance sheet CIO.

McVey's visit to India comes in the wake of KKR closing its $6.4 billion Asia Pacific Infrastructure Investors II fund earlier this month.