Leaders on India
"I believe that, around the world, there is enormous goodwill for India and most people continue to keep faith with the India growth story. It is natural that they look closely at certain economic indicators, one of them being the exchange rate. Volatility of the exchange rate has reduced in recent weeks. A reassurance on the investment climate, continued inflow of remittances, and a rise in capital flow – both FDI and FII – will bring further stability to the exchange rate. We intend to fine tune policies and procedures that will facilitate capital flows into India."
Finance Minister, India
"The structure of the economy has changed since 1991. Our financial markets are more matured, more diverse and much deeper. They have the resilience to absorb shocks. India’s growth story is intact..."
Governor, RBI (April 2012)
"It is important for India to continue withits structural reforms to sustain its highgrowth. The fact that even seven per centgrowth is spoken of as not being good provesthat the Indian economy has set high benchmark. India and the World Bank Group havebeen exceptionally good partners during a timeof financial turmoil and economic uncertainty.India should take its priorities forward tomeet the challenges and opportunities lyingahead. This would ensure continuance ofthe momentum of the Bank’s successfulengagement with India."
--Robert B. Zoellick
President, World Bank Group,March 2012