Davos India Outlook

This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

The world economy is gathering speed with the growth forecast for 2018 and 2019 pegged at 3.9 per cent, the International Monetary Fund said today but warned that the present economic momentum reflects a "confluence of factors" that is unlikely to last for long.

Amid an intense debate on future of globalisation here at annual World Economic Forum meeting, Mr Kotak said India has been a big beneficiary of the globalisation process.

While India doesn't figure among the most sought after global destinations for expatriates, foreigners in India are more confident about their prospects than in many other Asian countries, an HSBC report shows.

The WEF Inclusive development report has India lagging behind China, and even Pakistan. With India ranked at 60 out of 79 developing economies, China at 15 and Pakistan at 52.

Uday S. Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, speaks to NDTV's Namrata Brar about mood of the economy, outlook for 2013, FDI in insurance and key issues being discussed in Davos 2013. Here is the edited transcript of the interview:

This is the most pessimistic CEOs have been regarding global economic growth since PwC began asking this question 12 years ago.

The world economy is gathering speed with the growth forecast for 2018 and 2019 pegged at 3.9 per cent, the International Monetary Fund said today but warned that the present economic momentum reflects a "confluence of factors" that is unlikely to last for long.

Amid an intense debate on future of globalisation here at annual World Economic Forum meeting, Mr Kotak said India has been a big beneficiary of the globalisation process.

While India doesn't figure among the most sought after global destinations for expatriates, foreigners in India are more confident about their prospects than in many other Asian countries, an HSBC report shows.

The WEF Inclusive development report has India lagging behind China, and even Pakistan. With India ranked at 60 out of 79 developing economies, China at 15 and Pakistan at 52.

Uday S. Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, speaks to NDTV's Namrata Brar about mood of the economy, outlook for 2013, FDI in insurance and key issues being discussed in Davos 2013. Here is the edited transcript of the interview: