ICICI Bank's Chanda Kochhar all praise for Indian 'reforms' at WEF
She said positive momentum is expected to be seen in the Indian economy going forward.
On the macro-economic scenario, Kochhar, ICICI Bank MD and CEO, said in an interview: "Firstly, with inflation stabilising, monetary policy is likely to be supportive of growth.
"Secondly, the recent policy actions by the government, such as the steps with respect to fiscal consolidation and the passage of key legislations, have demonstrated its commitment to creating an enabling environment for growth, and gone a long way in dispelling the fear of policy paralysis."
Kochhar, who is here for the World Economic Forum's annual meeting added: "Thirdly, India's growth is driven by strong domestic factors, as a result of which we are much better placed than other countries.
"We need to focus on reviving the investment cycle, for which we need effective decision making to ensure that projects move on the ground. Looking at the world, we are seeing a recovery in China and some positive indicators in the US, though resolution of fiscal issues in the US remains a key factor to watch."
About the global economic scenario, Kochhar said Europe is seeing continuing growth challenges, but policy measures taken in the last few months have helped to stabilise markets and substantially remove the risk of a systemic shock event.
Asked about her wish list
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