“There is so much low hanging fruit in Indian companies. India today, just like China, is a little bit like Silicon Valley in the 1980s. Probably the biggest criticism levelled at PE managers in India is the high multiples paid for businesses. In India, that whole private market opportunity is much smaller in part due to the size of the public market universe. There are just far more private companies of scale in China to invest in than India.

Source: Mint May 31, 2018 18:00 UTC