(Image source from: India attractive investment destination})

A dynamic and strong leadership at the Centre and reliable central banking institutions, has made India to be an "attractive investment destination" in the past one year, a top American investor banker said today. "India is perhaps one of the nicest stories from an investment perspective. You have strong leadership, both at the government and at the Central Bank. But you also have a lot of tail wind," Gerardo Rodriguez, head of emerging market multi-asset strategies at Blackrock told.

"This (India) is a story where we are seeing the benefits of lower commodity prices that can benefit the world. So clearly you have now monetary policy action on the back of some space that was created by a more benign inflation environment with lower oil prices," he said. The banker pointed out that "a reform momentum" and "some tail winds from the monetary policy side" are helping the country to become "a very attractive investment proposition both from equity and fixed income perspective".

"There was some revision in the numbers just recently in India. So we need to sort out and  rescale that in order to see what the right comparison to China is. It is really hard to think that India is actually growing faster than China. But ultimately in a low nominal growth environment," he noted.

By Premji