PM Modi meets Citi Chair Jane Fraser, discusses opportunities to boost India's economic growth
Mumbai, June 4
Prime Minister Narendra Modi met Citi Chair and CEO Jane Fraser and discussed India's economic growth and investment landscape, along with opportunities for the global major to continue supporting the country's key growth priorities, it was announced on Thursday.
The Prime Minister shared his vision for accelerating growth and economic momentum to achieve the objective of Viksit Bharat 2047, Citi said in a statement.
The discussion, which happened on Wednesday, covered a range of topics, including investment and capital flows into India, opportunities for India's corporate sector abroad, alternative energy and artificial intelligence.
"They explored how Citi can further support India's economic agenda, help attract global investors to the country, and champion Indian companies around the world as they expand to new markets," according to the statement.
The meeting reflected the confidence that global financial institutions have in the reform agenda championed by Prime Minister Modi, whose landmark initiatives have transformed India's banking landscape and accelerated financial inclusion.
Additionally, they discussed opportunities related to the build-out of alternate energy sources for the country, including green energy sources such as solar and green hydrogen.
The conversations also covered AI, including the role of regulation and areas where the technology can be leveraged to support economic growth, the statement said.
Fraser was joined by K. Balasubramanian, Chief Executive Officer, Citi India, and they communicated Citi's pride in supporting India for nearly 125 years, addressed Citi's recent growth in the country, and reiterated the firm's strong commitment to supporting the country and its clients.
As the country's leading international bank, Citi is hosting over 1,500 clients and investors at its Citi India Conference in Mumbai from June 3-5.
The event aims to raise the India dialogue and spotlight investment opportunities for global capital. The year 2027 will mark Citi's 125th year in India.
— IANS
Reader Comments
Good to see international banks like Citi betting big on India. But honestly, I hope these meetings don't just remain photo ops. We've seen many such announcements, but small businesses and startups still struggle with access to capital. The real test will be if this trickles down to the grassroots level. Also, Citi's 125 years here is impressive, but what about Indian banks getting similar global support?
As someone who works in international finance, this is significant. Citi hosting 1,500 clients and investors at the conference shows serious intent. India is becoming a key destination for global capital, and the focus on alternative energy and AI regulation is spot on. The US-India economic partnership just keeps getting stronger. Kudos to PM Modi for maintaining this momentum!
Impressive that Citi has been in India for nearly 125 years—that's real commitment! But PM Modi's reforms in banking and financial inclusion are what make this possible. I remember when banking was a hassle for rural areas; now even my grandmother in a village has a bank account. Green hydrogen and AI are the future, and India is smart to lead in these areas. Let's keep the flag flying high! 🚀
While I appreciate the focus on growth, I hope the government is also looking at India's massive inequality. Citi's clients are mostly big corporates; what about the millions of small farmers and local businesses? Yes, Viksit Bharat 2047 is great, but we need to ensure the benefits aren't just for the top 1%. More inclusive policies, please, not just flashy meetings with global CEOs.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.