India relatively immune to Greece crisis, economic indicators much more balanced now: Sanjay Nayar, KKR India

With the Greece debt crisis hitting the markets world over, experts across sectors in India too have been speculating on how it may affect India. Sanjay Nayar, CEO of global alternative investment giant KKR India is of the opinion that volatility due to Greece well has been accounted for. He told ET Now that India is relatively immune to Greece crisis and the economic indicators are looking much more balanced now.

"I think you will see some volatility as it pertains to investors pulling out money from the equity or the debt markets, but I don't think that is an issue," he said.

He further expressed optimism on economic health of the country saying that the marcoeconomics today relative to the world are much stronger here, and the economic indicators are far more stable and balanced at the current level of growth.

"So I don't think there should be any volatility as it pertains to the rate markets, or the currency markets or just the stock markets," he said

Nayar also said that India could see a big revival in IPOs as well.

"Good quality companies who can deliver consistent performance and play to the Indian demographic should do well...I would say till today the IPOs are very consistent thanks to the FIIs," he said

Highlighting the importance of local retail savings, he said that ultimately local savings is going to hold the markets.

"We need to see that the retail savings come back. What needs to be done by SEBI and other regulators, I think it has been done. The confidence in retail savings needs to come back, which comes over time, as people have predictability of jobs," he maintained.

Without commenting on KKR's bet on the buzzing Ecommerce sector in India, Nayar said that there is some degree of revival in confidence of the Indian businessmen and they are approaching private equity as a private asset class to raise capital again. "They are using it to resurrect and complete projects, so the initial signs (of revival) are there," he said.

"They (businessmen) are happy to raise private equity capital, which I think is really a good sign," he further added.