With Goldman Sachs entering in India does this suggest that importance of Investment Banking will increase?

Surely, it would. If we follow the very basic demand and supply theory, then since there is lot of demand, or demand created,it is a wise decision to step in India. Further, India is on a development spree, and fund raising is one of the main requirement of not one or two but all the sectors.On one hand easy availability of resources and funds would help, on the other hand,more competition coming would certainly give options and better service/low cost. All in all, India is a hot market to invest in.

Exactly... But it will take time because India has just started and these countries are already in this field from many years. But Growth rate of increment will be high in India as per conditions & developing scene.

So what do you suggest in future can we see India into countries like UK and USA where in investment banks are more Important then retail sector?

Urvish you are right, it will increase the importance of investment banking. But they are interested not only in investment banking but also in broking, offshore asset management, fixed income securities, private equity and non-banking finance business, commercial banking and the business of buying and selling government bonds, or primary dealership.

Goldman Sachs, which opened operations in India in March 2006 after severing its long relationship with the Kotak Mahindra Group, has so far invested at least $2 billion (Rs8,880 crore) in 45 firms and plans to invest more.

They have applied for banking as well as primary dealer license in 2009. According to their CEO, they are coming in India as long term investors rather than Seller.