Deutsche Bank CEO Christian Sewing says India will emerge as the “shining star” of the global economy. Calling the country a key Asian powerhouse, Sewing said many European nations see “a real opportunity” in India in terms of infrastructure investment.

“When I look around the world, India is a shining star. We want to invest and grow here,” he told the Economic Times in an interview.

“For me, India is the powerhouse in Asia. I was involved in setting up our credit centers here in Mumbai 15-20 years ago, so I’ve seen how India has evolved over time – an evolution this country can be proud of. Many other countries, especially from Europe, are looking to India and see a real opportunity there, for example in terms of infrastructure investments,” Deutsche Bank CEO Christian Sewing said in his interview with ET.

“Navigating the local environment requires experience, something we (Deutsche Bank) have honed over 42 years. The country is on the right track,” he said.

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“When I talk to CEOs of German companies, I hear a lot of praise for India. In fact, Germany is India’s most important trading partner within the EU and its sixth most important trading partner globally. If work is done to secure these permits, investments and the construction of factories can be accelerated, then investments will continue to increase,” said the CEO of Deutsche Bank.

Sewing added that central banks should prioritize addressing the inflation issue, which remains a key risk factor that could weigh on countries’ growth prospects for a few quarters or even years.

“The faster we fight inflation, the sooner we will come out of recession,” the chief financial officer told ET.