1. From IIT to investing: 5 things Warren Buffett said about India

From IIT to investing: 5 things Warren Buffett said about India

Warren Buffett asked people to remain invested in strong businesses and said that it was easier to invest in 1950 than today as there was less competition.

By: | Updated: May 8, 2017 12:56 PM
Berkshire Hathaway Inc chairman Warren Buffett (Photo: Reuters)

Legendary investor Warren Buffett after a session with the shareholders of Berkshire Hathaway during its 53rd annual general meeting on May 6 spoke to ETNow on Indian, world and US economy. During his interview with ET Now he elaborated on how he sees India and what are his plan. He also advocated people to remain invested in strong businesses and said that it was easier to invest in 1950 than today as there was less competition. The Berkshire Hathaway Inc chairman also said that he is not worried about the global economic environment and the future of the world, adding the US will prosper more if rest of the world prospers. He sounded excited about India and his plans for the country.

We collate five key things he said about India during his interview with ET Now:

1. Buffett said that future generations in India will live better than the current. While praising IITians, he said India has a terrific future due to the brain power it has. Bill Gates once told me he would just hire people from IIT.

2. The investment guru said he was really amazed by the hospitality of India when he visited the country last

3. Buffett said India is a huge and enormous market for anyone to ignore. He said he is open to investing in India and would love to hire people and buy a business in India.

4. Will be in India if I feel there is a good value company for sale

5. No question that the per capita for India has to go up

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