Former Goldman Sachs chairman says Indian budget disappointing.
Global Banking News-July 14, 2014--Former Goldman Sachs chairman says Indian budget disappointing
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Global Banking News - 14 July 2014
A former chairman of Goldman Sachs (NYSE: GS) has said that the Indian budget is a bit disappointing.
In an interview with Economic Times, Jim O'Neill said, 'When I compare my excitements about Modi and what it could mean for the country, I was a little disappointed. There was nothing bold there. Maybe it was because they had only six weeks. But I was looking for something more, so I am slightly disappointed.'
He added that for India to reach its potential, there needs to be substantial investment in infrastructure, education, etc.
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