On adressing University of Michigan India Alumni Association conference, K. V. Kamath, Chairman, ICICI Bank said that "We are lagging seven years behind China in terms of production of steel and cement.
Lack of clarity on policies, is holding back India’s growth, said K. V. Kamath, Chairman, ICICI Bank.
Corruption is very serious and debilitating, said Kamath.
K. V. Kamath said “Fundamental growth drivers in India are unimpaired and we need to harness more effectively to return to high growth trajectory".
Fiscal deficit also need to be addressed, says KV Kamath.
GVK Group's Sanjay Reddy said that Land acquisition and environment clearances delay are big challenges.