"Personally, I think India would continue to grow at 10 per cent. But going by CII figures, India's growth rate would be 8.3 per cent to 8.6 per cent in the next five years," he told reporters here.
Kamath, who heads India's second largest lender, ICICI Bank, said the economic fundamentals of the country are strong. "Our savings rate is 35 per cent and our investment rate is 36 per cent."
He said there is no slowdown in investment in the country, one of the fastest-growing major economies which is currently focusing on controlling soaring inflation that has hit a four-year high.
"About $700 billion is being invested in the country," Kamath pointed out.
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