Barclays Wealth India chief executive Satya Bansal described wealthy Indian families as a target market that should be ‘tapped’ by Jersey, as well as Indian businesses looking to develop ties with offshore centres.
Speaking at a Barclays Wealth event, Mr Bansal said that India had been one of the most resilient economies in the world this year.
‘In 2008, growth was 6% and in 2009 it is predicted to be 6.5%,’ he said. ‘Indians have expanded globally and there are now thousands of Indians around the world, and that pool of Indian families outside India is one that needs to be tapped and can easily be tapped by Jersey.’