Investors See 'Mangalyaan Success' As India Growth Story Model

At the conference organised by Institutional Investor Forums, leading stock exchange BSE's Chief Executive Officer Ashishkumar Chauhan said that India was very complex, but it had many advantages to its credit including its young population.

"One large investor told me here that earlier he was looking at two countries -- Brazil and India – for investments, but now he has zeroed in on India after the new government got such a huge mandate and things were not looking that great in the South American country," Chauhan said.

The BSE CEO also said that the capital markets segment was making great strides in India and it is not just a place for trading for the sake of trading but also an avenue for capital formation.

Talking about the new government, Chauhan said there have not been any radical steps so far in the first four months but he was hopeful that "it will work towards making India a much better place to invest and do business."

Also Read: India-U.S. Discuss Joint Military Hardware Production