Ans:>Industry has contributed enormously to national development> Few years ago, PE and VC inflows in India used to be $20-30 billion a year>Last year PE and VC inflows in India touched $50 billion>PEs and VCs now contribute to a lion’s share of India’s FDI>Strategic investors have become insular globally, and PE/VC investors have replaced them> PEs and VCs have dwarfed …