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Several senior bankers and leaders from industrial companies attended a working breakfast hosted by Paris Europlast and Ernst & Young .The discussion focused mainly on the present economic situation in India. Participants were reassured to hear Mr Parekh say that, though India had also been affected by the general global economic crisis, the country had coped well as very few Indian banks had been affected due to the strict regulations in place and because they were not involved in toxic credits. Signs of recovery are already seen and GDP growth is expected to be above 6%.
The interest in India was clearly expressed and it is confirmed by the impressive increase in Foreign Institutional Investment (FII) and and even in Foreign Direct Investment (FDI) in recent weeks.
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