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India's Growth Story: RiverPeak MD Sees Progress Amid Bureaucracy, Inequality

Curtis Chin, Managing Director of RiverPeak Group, acknowledges India's significant progress across multiple sectors, demonstrating its potential to the world. He cautions that challenges like bureaucracy, regulation, inequality, and corruption—termed the "little brick"—must be addressed for sustained advancement. Chin emphasizes that these are regional issues and international cooperation can allow for a mutual exchange of solutions. He calls for a mindset shift where Indian businesses welcome foreign capital and foreign companies recognize the evolution of the "new India."

Key Points: India Shows World Its Potential, Must Tackle Challenges: Expert

  • India shows progress in healthcare, finance & creative economy
  • Must tackle "little brick" of bureaucracy & corruption
  • Structural issues are common across the region
  • Mindset change needed for local & foreign companies
2 min read

India has much to show the world, doesn't mean there are no challenges ahead: RiverPeak Group MD

Former US Ambassador Curtis Chin says India is "on the move" but must address bureaucracy, regulation, inequality, and corruption for sustained growth.

"India is clearly on the move... But it doesn't mean that there are no challenges ahead. - Curtis Chin"

Mumbai, February 18

India is demonstrating significant progress across sectors such as healthcare, finance, and the creative economy, showing the world its potential for growth but it does not mean there are no challenges ahead, Curtis Chin, Former US Ambassador to the Asian Development Bank and Managing Director of RiverPeak Group, has said.

Speaking with ANI at the Global Economic Cooperation 2026 Conference, he said India must address what he called the "little brick".

"India is clearly on the move," Chin said. "But it doesn't mean that there are no challenges ahead for India. As India moves forward, it has to address what I call the little brick that so many countries face. That is bureaucracy, regulation, inequality and corruption," he said.

Chin explained that these structural issues are not unique to India but are common across the entire region. He suggested that international platforms allow for a mutual exchange of solutions where India and the rest of the world can learn from each other to address these shared concerns.

"You know, that's not just an issue for India alone. It's an issue for all of the region. And let us hope that through events like this... that India can learn from others, but also the rest of the world can also learn from India."

He highlighted that, beyond addressing bureaucracy and regulation, a change in mindset is necessary for both local and foreign companies.

He discussed the importance of Indian businesses welcoming foreign capital and ideas, while also urging foreign companies to recognise how the "new India" has evolved compared to previous years.

Chin expressed strong confidence in the growth of the Indian economy. He noted that the market offers real opportunities for investors to achieve appropriate returns for the risks they take.

"I am confident that the Indian economy will continue to grow," Chin said. "And that will also mean greater partnership with companies and individuals and businesses from outside India."

- ANI

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Reader Comments

P
Priya S
It's refreshing to hear a balanced view. Yes, we are progressing fast in tech and startups, but inequality is a real challenge. Growth needs to be more inclusive and reach the villages too.
R
Rohit P
Foreign companies definitely need to update their mindset about India. We're not just a cheap labour market anymore. We're innovators and creators. Jio, UPI, Space tech – the world is learning from us now! 💪
S
Sarah B
As someone working in the development sector here, the point about mutual learning is key. India's Aadhaar and digital payment systems are case studies for the world. But we can also learn from others on tackling regulatory complexity.
V
Vikram M
Corruption is the biggest of those "little bricks". Until that is addressed meaningfully, a lot of the growth will be lopsided. We need strong institutions, not just strong leaders.
K
Karthik V
True progress is when a foreign investor acknowledges both the opportunities AND the challenges honestly. This gives me more confidence than just empty praise. The path ahead is clear, we just need to walk it diligently.

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