Impressed with the euphoria about India here at WEF summit, IT industry leader C P Gurnani on Saturday said a lot will depend on the individual states to ensure that this upbeat interest among foreign investors translates into real investment flows.
"The mood is surprisingly upbeat about India here at Davos. I believe that may be they are looking for a reason (amid tough global conditions) to be upbeat and that is why they are so much upbeat about India.
"There is euphoria at times and the meetings of Finance Minister Arun Jaitley have been taken very very positively by the CEOs out here. I have interacted with almost 60-70 CEOs here at the WEF Annual Meeting and all of them are very upbeat on India," said Gurnani, MD and CEO of IT major Tech Mahindra.
Asked whether the investors are getting convinced, he said: "Davos is not about convincing anyone. It is more about interpreting the mood and the mood this time is very positive."
"Same time last year, everyone was saying that let's wait for the elections as a new government might come in soon. The previous year it was like a game of snake and ladder with regard to India.