From India, Finance Minister P Chidambaram, Commerce Minister Anand Sharma, Planning Commission Deputy Chairman Montek Singh Ahluwalia and Urban Development & Parliamentary Affairs Minister Kamal Nath would be attending the meet.

As a country with rising inequities in an election year, populist politics overriding economic necessities is a tough climb.

There have been many efforts in the past to develop Mumbai into an IFC, while an expert group was also set up by the government years ago to study this possibility.