Will invest $2-3 billion a year in India, says IFC country head Zhang

Jun Zhang speaks to Business Standard on how IFC views India's growth story. He says the institution will invest $2-3 billion in the country every year in the next few years

International Finance Corporation (IFC), part of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets, and one of the biggest investors in India. JUN ZHANG, its country head, talks to T E Narasimhan on its India’s growth story. Edited excerpts:

How bullish are you about India’s growth story?

We are long-term investors in India, and very positive about its prospects. India is a very large country and economy; the private sector has a large and critical role to play. In the past five years, India has dramatically improved its ease-of-doing-business ranking