Centre doing all the right things for India: Daniel Wu

The new Insolvency and Bankruptcy Code, 2016, is the right thing to do: Daniel Wu

Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country. In Mumbai for ABA’s annual conference, Wu, who is also president of Taiwanese banking unit CTBC Holding, tells Abhijit Lele the Centre is taking all right steps for better growth. Edited excerpts:  

You’re visiting India at a time when the economy is showing some early signs of recovery after slow growth. Do you share optimism about better growth prospects? If yes, why?

The central government headed by Prime Minister Narendra Modi is doing all right things