World has faith in Indian markets

MUMBAI: Despite the uncertainties – nagging inflation, high interest rates, dip in corporate earnings – panelists speaking on India Market Watch 2012 at the WEF summit, exuded confidence on the Indian markets.

A sustained 6%-plus growth coupled with stringent regulatory environment and strong corporate governance win the day for India even in times of global stress, according to panelists attending the meet.

There are obvious worries such as slow reforms and corruption. But steady growth makes for compelling reasons to invest in Indian markets. In terms of corporate governance and transparency, Indian companies fare better than average Brazilian, Chinese and Russian companies, they said.

Udayan Sen, CEO and MD, Deloitte India, said, “While India is trending down in line with other countries, it is certainly not collapsing as perceived by some.

A 7% growth can hardly be called collapsing.’’ India remains an opportunity whether US is in a mess or doing well, said.