Dismissing concerns of India facing a governance deficit, Prakash P Hinduja, chairman, advisory board of Hinduja Bank, Switzerland, said on Tuesday that the Indian economy continues to enjoy confidence of global investors.
On the issue of 'governance deficit' raised by some noted Indian industry leaders and eminent citizens, Hinduja said, "It is not going to affect India. It (Indian economy) will continue to grow".
He is in Rome as member of a Federation of Indian Chambers of Commerce and Industry delegation, led by Commerce and Industry Minister Anand Sharma. Hinduja said investors were comparing India with China.
"There is a great future in India. People across the world are comparing India with China and they see more advantage in India because of large English-speaking people," he said. Hinduja, who came to Rome, after attending the World
Economic Forum meeting at Davos, said, 'investors feel comfortable in India.'
Many US companies, which have set up hubs in Bangalore have had first-hand experience. Well-known industrialists, bankers and eminent citizens had recently raised concern over the 'governance deficit' in New Delhi after several scams, including 2G telecom spectrum had hit the United Progressive Alliance government.
However, Hinduja, who is a senior member of the $25-billion UK-based group, remained bullish on the India story.
The Indian economy is expected to expand by about 8.5-8.9 per cent in the current fiscal.
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Dismissing concerns of India facing a governance deficit, Prakash P Hinduja, chairman, advisory board of Hinduja Bank, Switzerland, said on Tuesday that the Indian economy continues to enjoy confidence of global investors.