When Bain & Company set up its office in India nine years ago, it looked for business from multinational clients and found good business from promoter-led domestic companies that were looking for global practices. This helped it build its largest office in Asia with 240 people. Sri Rajan, part of the founding team in India, took over as chairman last month. He spoke to Business Standard on the economic challenges and how the rise in private equity investment this year is hinting at growth revival.