Nitin Pai was quoted in The National in an article on the German Chancellor Dr Angela Merkel’s visit to India.
Referring to the recent influx of Syrian refugees into Europe, and Greece’s tottering economy, Nitin was quoted as saying that the India trip would serve as a welcome diversion for Dr Merkel.
Regarding the India—EU free trade talks, Nitin said he doubted that Europe is fully prepared for a free-trade agreement, even if India is.
He acknowledged that the business of rekindling global economic growth is essential.
With China’s slowdown, global growth will depend a lot more on India and Europe. The issue is how deep and how fast Mr Modi can reform India’s economy to be market-friendly and welcoming of business.
Read the full piece here.