India's third best choice for PE companies

India is ranked among the top three investment destinations for private equity (PE) firms in the world, as per a report by consulting firm Bain & Company. Currently, the United States is the most popular investment location for private equity funds, followed by China. India has recovered sharply ahead of most other economies from the slowdown that hit markets in 2008, and is emerging as an attractive investment market for PE firms. Sri Rajan, head of PE practice in India with Bain & Company, says that rapid domestic expansion across several sectors is set to provide ample opportunities for growth-capital investing in India.