As curtains dropped on the annual World Economic Forum summit, the Indian growth story seems has emerged even stronger with global leaders appreciating the country’s fine balance between democratic processes and economic growth.A few even foresee the possibility of India hosting a Davos-level congregation of the world’s rich and powerful in the future.
The votaries of the Indian growth story include the likes of global rating agency S&P.
The agency has an investment grade rating on India, with a stable outlook and the country is more likely to improve further, said Douglas Peterson, president, S&P.
Echoing his views, US trade representative Ron Kirk said the US does not consider India as an emerging market and perception in the US is that Indian can do whatever job the American can. “They can make their own iPads and do much more.”
Commerce minister Anand Sharma said “the India growth story remains intact...Not just the government, but we also want other stakeholders to work to take forward growth.”