October 8, 2015 1:30 PM

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US and international financial bodies bullish on India

Officials of various international banking institutions have told a group of top Indian bankers in Washington that global financial bodies including the IMF, World Bank, and top US federal bodies like the Federal Reserve are "highly impressed" by India's growth at a time when emerging economies are slowing down.Director of RBI's Center for Advanced Financial Research and Learning (CAFRAL) G Gopalakrishna, told PTI at the conclusion of a three-day trip to the US Capital that for the first time, we are getting a very positive feedback on India. He said, they are highly impressed by how things are shaping up in India.Gopalakrishna is leading a team of 24 senior executives from top Indian banks on a two-week orientation/study tour of the US, during which they will have first-hand exposure to the American banking system, international financial institutions and best practices from here which could be implemented in India. Observing that the financial and banking sector in the US 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.

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