Key Takeaways
- • Mayank Jha, Managing Director and Partner at Boston Consulting Group (BCG), said India's Alternative Investment Fund (AIF) industry has significant growth potential and could play a crucial role in the country's economic expansion.
- • Alternative assets account for just 6 per cent of India's asset management industry, compared with 19 per cent globally, leaving substantial headroom for growth.
- • Jha said AIF commitments of about 17.5 lakh crore are at a level comparable to the mutual fund industry in 2016, which he described as just before its rapid expansion.
- • Jha called artificial intelligence an "important opportunity" for India, while arguing the country needs to approach it "differently."
- • Jha stressed that India will need substantial foreign capital to meet its long-term development goals and that the framework for attracting international investment should remain attractive.
Summary
Mayank Jha, Managing Director and Partner at Boston Consulting Group, said India's Alternative Investment Fund industry has significant growth potential and could play a crucial role in the country's economic expansion, according to remarks he made to ANI on the sidelines of the 4th CII Alternative Investment Fund Summit 2026 in Mumbai. The comments were reported on October 14.
Jha noted that alternative assets account for just 6 per cent of India's asset management industry, compared with 19 per cent globally. He said the opportunity for alternative assets to become important to the Indian economy is certain, with considerable room to expand.
He compared the AIF sector's current position to that of India's mutual fund industry about nine years ago, just before it experienced rapid expansion. He cited AIF commitments of about 17.5 lakh crore, a level he said the mutual fund industry had reached in 2016. Jha said private capital of this scale will be needed to support the country's Viksit Bharat ambitions, and that AIFs will be a crucial lever in mobilizing it.
On artificial intelligence, Jha described AI as an important opportunity for India but said the country needs to approach it differently. He also said India will require substantial foreign investment to achieve its long-term development ambitions and that policy interventions may be needed to keep the framework for attracting foreign capital attractive.
Jha noted that alternative assets account for just 6 per cent of India's asset management industry, compared with 19 per cent globally. He said the opportunity for alternative assets to become important to the Indian economy is certain, with considerable room to expand.
He compared the AIF sector's current position to that of India's mutual fund industry about nine years ago, just before it experienced rapid expansion. He cited AIF commitments of about 17.5 lakh crore, a level he said the mutual fund industry had reached in 2016. Jha said private capital of this scale will be needed to support the country's Viksit Bharat ambitions, and that AIFs will be a crucial lever in mobilizing it.
On artificial intelligence, Jha described AI as an important opportunity for India but said the country needs to approach it differently. He also said India will require substantial foreign investment to achieve its long-term development ambitions and that policy interventions may be needed to keep the framework for attracting foreign capital attractive.
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