Budget seems to indicate outlook on fiscal prudence: Temasek's top brass

Promeet Ghosh (right), deputy head of Temasek India, and R Venkatesh (LEFT), managing director speak to Jash Kriplani

Singapore government-owned private equity firm Temasek had moderated its investments in India, considering global challenges and their impact on India. However, its exposure to India as a share of its overall portfolio rose from 4 per cent to 5 per cent ($11 billion) in FY19.

Speaking to Jash Kriplani, Promeet Ghosh, deputy head of Temasek India, and R Venkatesh, managing director, share what led to the change in investment stance and how they see consumption and other segments getting affected from the NBFC crisis. Edited excerpts:

Can you take us through recent investments in India?
 

Ghosh: The consumption story