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Opportunities in India as it grows to be an innovation hub in the next 5 years: GIC

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GIC said it sees positive trends such as progress in payments and digital lending in India as the country digitalises rapidly.

PHOTO: GIC

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SINGAPORE - Sovereign wealth fund GIC is bullish about India, which it says is well-positioned to become an innovation hub in the next five years as digital infrastructure there is built as a public good for its growing population.

In an interview with The Straits Times, GIC chief investment officer for private equity Choo Yong Cheen said the fund is looking to do more in that market.

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