NEW DELHI: Nestled in the diplomatic enclave of the capital city here sits the Leela Palace hotel. This week, its ninth floor has been home to the board of Goldman Sachs.
This is the first time the firm’s directors have gathered in India and one of only a handful of times they have met outside of the United States. This meeting is viewed as a nod to India’s growing importance, both to Goldman and to the American economy. Goldman and other banks are increasingly looking overseas for business to offset a slowdown at home. Also this week, leaders from Brazil, Russia, India, China and South Africa are meeting here for their 2012 summit meeting.
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