Confident about India returning to 7 per cent growth path, top banker Aditya Puri has said that the Government was serious about big economic reforms and "the proof of the pudding" will be pick-up in investments.
Puri, who heads the country's most valued private sector lender HDFC Bank, said the new government has already removed the governance roadblocks that were stifling India's true economic potential and it was working on "as big reforms as we possibly need". He also justified the prevalent exuberance about the India story, saying it was very much real and he would rather be 'double exuberant'.
"We have got the right ingredients, we got the right government. We have identified the areas we want to work on and the government and business are collaborating. Why shouldn't everybody be positive about IndiaIJ I am very positive," Puri told teh news agency in an interview here.
"Where is the question of tempering exuberanceIJ I want to double the exuberance. Its absolutely for real," he added. Puri, Managing Director of HDFC Bank, said India's economic growth rate was already among the highest in the world, while problems arising from a high current account deficit, a nagging problem of the past two years, has also been resolved.
"Other positives include control on the high fiscal deficit, which had led to some international rating agencies to threaten a rating downgrade, and a benign interest rate environment which will encourage investment," he added.