He feels that perception management and brand building is what India needs to do on a global stage. He said that senior government functionaries should have been in Davos.

Carlos Ghosn, chairman and CEO, Nissan-Renault Alliance, said that they are aiming to raise India market share to 10 per cent.

As far as India is concerned, Lall said, “Our problem is growth. Interest rates will not be able to come down and I think it is a backdrop for reasonable performance in India.”