Ratul Puri’s concerns came in limelight during WEF ‘16
Recently Ratul Puri showed his optimism on India’s chances to emerge as a global market, during the World Economic Forum meet 2016 due to China’s slightly decreased growth rate and Europe’s continuous efforts to get back on its feet and join the race of growth and development.
Now, as the WEF annual meet ends on a good note where business leaders are thinking just like Ratul Puri, the Finance Minister of Union Government, Arun Jaitley still focuses on the reform processes.
Indian economy is being praised by numerous world leaders, including the Chief of IMF, Christine Lagarde and British Chancellor, George Osborne, as the Nation holds the torch of rapid development.
The Indian business leaders like Chanda Kochar, Chief of ICICI Bank; Chandrajit Banerjee, CII’s Director General and a few more, are having high hopes regarding their home turf’s growth.
The Co-Chairman of Hinduja Group, G P Hinduja mentioned how each BRICS country is going through a bad phase at the moment, except India. He said, “All BRICS countries except India is facing troubles and Europe is going through bad times. Now is the time for India to grab the opportunity. It can be done by improving ease of doing business to attract foreign investors.”
The Chairman of Vedanta Group, Anil Agarwal also highlights how BRICS countries’ situation presents India an opportunity to strengthen its position as a ‘bright spot’.
Lately, Ratul Puri expressed his thoughts on India during WEF, which were, “With political stability returning to the country, India must carry on with the efforts towards building foreign investor confidence. The global developments have placed India in an advantageous position and the Indian government must remain focused and stay true to its vision, thereby capturing the opportunities.”
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