Anil Chaturvedi has the responsibility assigned by the bank of India o me by the bank to connect India with start ups and opportunities found that people in Europe and in the US are on to or possibly in need of.
At the same time there was a lot of this information about India about what is happening in India affirming the positives and debunking the negatives. He highlights the potential they have people and reasons to invest in India and there are a couple of factors which really highlight why India is a market for anybody to look at considering its population. Some of the startling features for European companies to look at India at this time is number one that India currently has a middle class population of between 400 to 500 million people. This population today has the same capacity to purchase goods, consumer goods, discretionary goods, and other goods which anybody in Europe or America has access to. But compared to the population of Europe and America we are looking at a Europe being transformed with selling power as India times of has a potential opportunity for this 400 million people to keep growing and their growing at 12% rate per year.
Europe is going through a period of recession most companies here are generating returns of about 3% to 4% as their best case scenario. In Indian companies today will not accept your project unless we see an internal rate of return between 15 to 20%. European Business can really strengthen itself with the assistance of India population as well as it’s current political climate as they now have for the 1st time in about 45 years when we had a single parliamentary party which has a majority in the Parliament previous governments were all coalition government and they had to depend upon several communal and local parties which is not the case here today.
It is through the efficient efforts of both the government and pokitcals parties and conversations with other nations India has seen continual growth and most likely will expand further, as of now according to Anil Chaturvedi it just depends who wants to go along on the ride.