India is uniquely positioned to realise the potential of a superpower as the country has put in place building blocks that can also make it a poster child of global economic growth, said Citigroup chief executive Jane Fraser.
"You can feel India's superpower potential being realised, rather than saying it is a dream," said Fraser in an interview with ET. "The country's ability to realise its scale, and convert that is huge. Ease of (doing) business has become better. It is a pretty unique point in time for India... the speed and the scale."
The country's intellectual capital, a growing market and the digital payments infrastructure could all combine to help unleash an economic growth rate that other nations can only dream of.
"India has become easier to do business (in)," said Fraser. "Whether it is the UPI, whether it is the digital architecture, whether it is some other frameworks, they are all in place. Having a backbone here is not something a lot of different countries have. The government has done a remarkable job being very visionary. It gives people a lot of confidence that India as a place to base centre of excellence.''
Fraser, 55, stands out among Wall Street bankers not just for being the first woman to head the ultra-competitive financial services industry, but also for her approach to work culture, and social issues. When CEOs of JPMorgan and Goldman Sachs were pushing staff to return to work as the pandemic ebbed, Fraser was liberal and let employees choose the style and place of work.
Read more at: https://economictimes.indiatimes.com/industry/banking/finance/banking/india-well-positioned-now-to-realise-its-superpower-potential-says-citigroup-chief-jane-fraser/articleshow/93173247.cms
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