In India to explore two-way relationships in areas of trade, investment and banking, Doha Bank CEO on Thursday said he is positive about the country even as the global economy is still under pressure.
Giving reasons for the strong characteristics of India's economic fundamentals, Doha Bank CEO R Seetharaman said, “there is political stability and realignment of monetary and fiscal policies.” “Even as the global economy is still under pressure and is not in full recovery mode, I am cautious, but also positive about the momentum in Indian economy. Because in terms of macroeconomic fundamentals, India has a very strong character,” he told PTI in an interview.
Seetharaman said the rates at which the current account and fiscal deficits, along with the rates of inflation are hovering, is ‘measurable, manageable and controllable’ and 7.5 per cent growth rate is ‘formidable’.
“Also, the market liberalisation policy measures taken are all advantageous and principles under this policy have been followed in defence, insurance, real estate and railways,” he added.