Kuwaiti investors urged to invest in India

Dubai, May 6: Former Minister and MP Arun Shourie urged Kuwaiti investors to take advantage of the high growth rate of the Indian economy by investing in the country. Addressing an investor's forum organized by the Kuwait Finance House (KFH), he said unlike other countries,Indian economy is not fully dependent on the world economy.

''We are not affected with the collapse of other currencies around us. We have our own market strength driven by our own human resources and our revenues are fast increasing to 23 per cent every year," he told audiences earlier this week.

The world's top 200 companies have already set up their own operations in India, and some of them are even bigger than their home operations, he added.

"Indians are more confident now than they have been in the past few years. The government's attitude has changed and there is a great realisation that it is not enough to be better, but also to be positive and confident people.

We are happy to witness the change in our economy," said Mr Shourie.

Improved infrastructure, educated manpower and guts are the main factors that drive the Indian economy to one of the best performing economies in the world today, he added.

UNI