INDIA
	Today, India is the world's 4th largest economy in PPP terms. According to a Goldman Sachs report, India will be the only one of the world's large economies to grow at above 5% per annum for the entire period up to 2050. This growth creates a unique investment opportunity.
		Huge, consumption - driven domestic market
		Capital efficient - competitive & vibrant private sector
		Strong financial markets - stock & banking system
		Investor protection & corporate governance
		India Inc. is on a globalization and acquisition spree
	According to recent studies, Indian private equity will reach a volume of $7Bn by 2010; we estimate this to be reached earlier. At these levels India could be amongst the world's top 5 private equity destinations within a short period of time.
		Growth market; characterized by small deals ($5MM-$50MM); emergence of buyout and VC activity
		Today almost 50 funds are raising capital domestically
		Still, 75% of the capital from a diverse group of foreign funds
		Market is not deep; therefore need to spread net wide and develop a specific India strategy