Consumer Psyche

India is capable of meeting the world’s rising expectations from the country, on the back of its growing prowess and ability to recover faster from situations like the financial crisis, global leaders from corporate and governments said here on Thursday.

“Yes, India is capable, India has resources...it has the will to do it,” Indian Commerce and Industry Minister Anand Sharma said during a session on ‘Will India Meet Global Expectations’ at the World Economic Forum Annual Meeting.

Sharma said the world expects India to play a leadership role and lead the economic growth. “The world expects from India to provide leadership and growth in the 21st century...regional stability and peace, inclusive growth.” His views were supported by US Under Secretary of State (economics, energy and agricultural affairs) Robert D Hormats.

“India is a major player on global economic scene,” he said.

India has earned a position in the world by virtue of its dynamic economy, Hormats said, adding New Delhi plays an important strategic regional role. World’s leading communication conglomerate WPP’s Chief Martin Sorrel said, if one has to do business in South Asia, India and China could not be ignored. “India is becoming much more self-confident,” he said. Manvinder S Banga, President (Foods, Home and Personal Care) FMCG giant Unilever, UK, said, “The world is expecting more from India than what India expects from the world.”

“The world expects India to be part of solution for climate change,” he added.