"The mood is surprisingly upbeat about India here at Davos. I believe that may be they are looking for a reason (amid tough global conditions) to be upbeat and that is why they are so much upbeat about India.
"There is euphoria at times and the meetings of Finance Minister Arun Jaitley have been taken very very positively by the CEOs out here. I have interacted with almost 60-70 CEOs here at the WEF Annual Meeting and all of them are very upbeat on India," said Gurnani, MD and CEO of IT major Tech Mahindra.
"Same time last year, everyone was saying that let's wait for the elections as a new government might come in soon. The previous year it was like a game of snake and ladder with regard to India.
"There is a sense of optimism this time and how it would translate into money that would depend on various factors including by actions of various states.
Also Read
"I met one of the leading businessmen from Australia and he was saying he wants to set up a factory and he was asking which state he should go to.
Gurnani said there are three things that have been definitely a hit at Davos this year.
"One is Finance Minister representing India. Second is the feeling that bottlenecks regarding the ease of doing business would be removed.
"Everybody is aware that tax terrorism has been stopped and USD 300 billion worth infrastructure projects have been cleared and some of the executive orders like ordinances have been taken well.