Stable govt, GDP growth to help India attract foreign investors

India is drawing global attention from investors due to its stable government, robust legal system, and fast-paced economic growth, tells STEPHEN DAINTON, president of Barclays Bank PLC and head of Investment Bank Management, in an interview with Dev Chatterjee and Jaden Mathew Paul at Barclays' new office in Mumbai. With over 30 years of experience in global markets, including trading, sales, and capital markets, Dainton also talks about how the markets are responding to the geopolitical events globally. Edited excerpts:

- STEPHEN DAINTON

How do you view the appointment of a new governor at the Reserve Bank of India, and do you anticipate any change at the RBI?

Whenever a central bank governor is moved, there is always a change. The important thing is there is consistency. Coming from the Indian Ministry of Finance, I would assume that there is a consistent protocol around monetary policy which will be critical. If you look at most of the central banks, when they appoint a new governor, they ensure that they have an understanding of the historic deployment of monetary and fiscal policy and are consistent with the governance intention although obviously representing an independent view.

I would view this as very much a continuity candidate and consistent with the underlying direction of the central bank.

Looking at various asset classes, how has the year gone by and what are the projections and risk assessments you are making for the next year?