International 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, officials of these institutions told a group of top Indian bankers.
“For the first time, we are getting a very positive feedback on India. They say that India today is a shining star. They are highly impressed by how things are shaping up in India,” G Gopalakrishna, director of RBI's Center for Advanced Financial Research and learning (CAFRAl) told PTI at the conclusion of a three-day trip to the US Capital.
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.