Post by
cactionalpha on May 26, 2019 11:59pm
Prem Interview
Your thoughts on the Narendra Modi-led government winning a second term I see this as a massive transformation in India because of economic freedom. It does not matter which class you come from. It doesnt make a difference what your caste is, whether you are high-class or low-class, or what your religion is, because there is economic opportunity for all. Caste, religion, all will be broken in the next five years as every Indian, as Mr Modi says, will get an inclusive opportunity at economic growth. That is the most exciting thing that I think of India. From an investors standpoint, India will be the number one place in the world for foreign direct investment. Money will flow into India, believe me, in the next five years. I am very, very optimistic about Indias growth prospects. Read more at: //economictimes.indiatimes.com/articleshow/69511371.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst How big is the Indian opportunity for global investors? I see money coming in from all over the world the US, Canada and Japan because India is a big democracy. More than 600 million people voted in this election. People understand democracy, the rule of law. And you have had it for five years. You will have more of it. There will be more privatisation, more business-friendly policies. And fundamentally, as I travel all around the world and talk to more people,I have realised that is what creates jobs. So, you have economic freedom and thats what will help India. Which sectors do you see this money flowing into? We have been investing in financial services sector a lot. We like insurance, we like banks. We have invested in Catholic Syrian Bank, a Kerala-based bank, and it is going to expand outside of Kerala. Financial services grow at 2-3 times the economic growth of a country. I see Indias economic growth in the next five years to rise from 7-8% to 10%, perhaps even more than that over time, because that is the potential of India. .. Read more at: //economictimes.indiatimes.com/articleshow/69511371.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst