New Delhi, April 17 -- India's share of global GDP is projected to rise from 3.7 per cent in 2025 to 7.0 per cent by 2050. This shift marks the country's increasing significance as a destination for alternatives investors seeking diversified long-term growth, according to a report by McKinsey & Company. The report stated that India's private markets, which attracted just USD 6.4 billion in 2006, are today central to the nation's economic trajectory.

"The private alternatives market is increasingly important to India's economic growth....its attractiveness as a destination for alternatives investors seeking diversified long-term growth may further increase; India's share of global GDP is projected to rise from 3.7 percent in 2025 to 7.0 p...