New Delhi: Venture capital (VC) investments have continued to grow in India and China, despite the global economic slowdown, as both the countries witnessed significant increase in VC investments during the third quarter of 2008.

VC investment in India surged by 36 per cent to US$ 290 million for the period July-September 2008, reported a research firm, Venture Intelligence. The report further stated that the growth was due to the increased investment by existing players and the entry of new funds.

Industry analysts believe that venture capital investors are still investing into emerging markets. Jessica Canning, Dow Jones VentureSource Global Research Director stated, "It is clear that venture capital investors are still eager to put money into emerging markets and, in many areas, they’re actually accelerating the pace of their investments."