‘US will be self-reliant in energy in 5-7 years’
Let me ask you about the hydrocarbon present. You run the largest refinery in the world in Jamnagar. What will happen, if there were a military strike on Iran? What would happen to the price of oil, in your estimation?
Well, I think that the world is a lot more saner. My own view is that if we see small blips, I think that we have a resilient enough system. And today, there if—there is enough spare capacity, right, in the system to take care of eventualities.
You were very bullish about the United States, probably more bullish than a lot of Americans. What about the other key drivers of the world economy? Because a lot of people say, look, China is slowing down, Brazil has slowed down, India has slowed down. What do you think of the emerging markets story?
I think that China is maintaining steady growth. It’s not decelerating. Europe has found its own transition path. And they will transgress through the financial system in an orderly way, India has had some slow growth, but I am really very optimistic on India. I think that...
Why is that? Explain that, because in—when people look at India today, they see growth is at 5.5% now. You talk to foreign investors and they say the infrastructure is terrible, the government, you know, doesn’t do enough reform, it’s very difficult to operate in India. You look at all
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