Indian biz leaders cautiously optimistic at Davos meet

Written by PTI | Davos | Updated: Jan 26 2014, 08:09am hrs
As the WEF's annual meet draws to a close, Indian business leaders say their main takeaway would be cautious optimism about their country, even as the upcoming Lok Sabha polls and evolving political scene seemed to dominate India discussions at this gathering.

This year's World Economic Forum has a large Indian delegation in attendance.

Diversified group Mahindra & Mahindra's senior executive Pawan Goenka said: "There is enough optimism about India. Therefore, I don't think that India story is dead at Davos. In fact when I talk about India, there is this whole feeling that India has taken a backseat at Davos. But I did not see that.

The outcome of the polls and AAPs advent were talking points. "Everyone is more positive about economic recovery in different markets and there is an increasingly positive mood in Davos this year, N Chandrasekaran, CEO and MD of TCS said.

"What I am telling the Indian ministers here is that they should use platforms like Davos to tell the world about showcase projects that they have delivered," Hinduja Gr-oup's Prakash Hinduja said. According to Hinduja, there is a perception that the Indian government has done little, but that is far from the truth.

Global real estate consultancy Jones Lang LaSalle's India head Anuj Puri said the mood about India is "something like subdued optimism or dissatisfied optimism".

Participating at WEF, commerce minister Anand Sharma had said foreign investors continue to remain bullish on India.