U.S. And International Financial Bodies Bullish On India


From Washington, the team of senior Indian banking executives now travel to New York to have an interaction with officials of the New York Stock Exchange, NASDAQ and private investors and analysts from J P Morgan and Citi Bank among others.

Observing that the financial and banking sector in the U.S. is very bullish about India, he said they feel that today India is the only major country in the world that can give a 7.5 per cent growth.

One of the key point of interaction with the U.S. financial and banking institutions has been their experiences from the 2008 financial crisis, lessons learnt and what steps Indian system can take to prevent such an economic collapse, P Sitaram, Executive Director of IDBI Bank said.

"The meetings here has helped us understand the context in which Reserve Bank of India does a few things," Sitaram said, adding that one of the memorable moments of their trip so far has been a trip to the headquarters of the Federal Reserve and having meeting in the same board room where some of the historic decisions have been taken as far back as the World War II.

Source: PTI