India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake.
However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit.
I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore.
While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar .
"I think, either end of the spectrum, you can make a lot of money as an investor," he said.
Persons:
Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon
Organizations:
Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit
Locations:
India, Hong Kong, Asia, Singapore