Even as fears of an economic slowdown are looming large on India, the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, is bullish on the country’s growth prospects in the medium term.
“India’s medium-term growth outlook remains robust, and investments are expected to grow… the country has a large and growing youth population, several premier technology institutions, and a culture of innovation,” Ruchira Shukla, head for South Asia, disruptive technologies – direct equity and VC funds, at IFC, told DealStreetAsia in an interview.