“India would require USD 3 trillion in activities like infrastructure, defence, services, manufacturing”, says Ashish Chauhan, CEO BSE
US President Barack Obama is in India for a three day visit. This marks a very important day as this is the first time a President is the chief guest for the Republic Day parade.
The novelty of the situation marks a change in the improving India-US bilateral relationship.
In an interview to CNBC-TV18’s Shereen Bhan, Ashish Chauhan, CEO, Bombay Stock Exchange, Tarun Das, Former Chief Mentor CII, Founding Trustee, Ananta Aspen Centre, Raymond Vickery, Senior Advisor, Albright Stonebridge Group, Bruce McConnell (Senior Vice President East West Institute), Peter Tichansky, CEO, Business Council for International Understanding, discussed what could be the key takeaways from this three day visit while also speaking on widespread issues like IPR, visas, ease of business and how Prime Minister Modi is smoothening relations between the two countries.
Ashish Chauhan, CEO, BSE believes that this visit can be a win-win situation for both the countries.
He said, “Over last 20 years India has received around USD 220 billion of FII money in the equities market. Now, India requires much larger amounts; probably over the next seven or eight years we would require USD 3 trillion in varieties of activities including infrastructure, defence, services, manufacturing and a large part of it would also come from abroad. In some sense US has the savings and India requires the sort of investments and if we are able to create that framework which is win-win we are going to get huge amount of investments that is coming from US…..”
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