Saturday 9 June 2012

Reselling the India story: road shows kick off in the Gulf - NY Daily News

Road shows highlighting India's growth potential to attract sovereign funds and other investors kicks off in five Gulf countries of Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain and Oman Sunday.

The marketing campaign takes off at a time when the India growth story has taken a beating following softening of the growth rate to 5.3 percent -- the lowest in nine years-- from a high of nine percent prior to the 2008 global financial crisis.

'A lot of people are ill-informed about India's potential. We want to tell investors, look, it is a robust economy with high savings, demand and investment opportunities,' R. Gopalan, economic affairs secretary, told reporters earlier this week.

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