Mr Llyod Blankfein, the Chairman and the chief executive officer of Goldman Sachs Group said that there have been some hopeful signs in the capital market. The asset markets are not as bad it was before.

Although, the effects of recession are still very much evident in the job sector, the rising rates of unemployment, cost cutting etc. the recovery is showing some positive signs too. The investment bank suffered decreased profits in the investment sector; however, the transactional activity is still upbeat.

The chairman of Goldman Sachs Group was at Indian School of Business (ISB), Hyderabad, India where he interacted with the management students. He also encouraged the employment of women in the workforce and stated that women workforce could raise GDP by one percent. Goldman Sachs has partnered with ISB last year in the women entrepreneurship programme in 2008. He emphasized on the importance of the women empowerment in India where only 36 percent of the workforce constitutes of women. The CEO also mentioned about the tremendous growth opportunities in India which was as “attractive” as ever.