‘US will be self-reliant in energy in 5-7 years’

Comments print
Fareed Zakaria:  Feb 12 2013, 01:33 IST
that and you’re not—you’re not—you’re still bullish?

Well, I’m very bullish on India because it’s really the aspirations of a billion people. And ours is a country where all the billion count. There are some countries in the world where one person counts. There are some countries where the politburo of 12 people count, right. The beauty of India is that all our billion people count. And they have aspirations. And it is really a bottom-up story. It’s not a top-down story. So, yes, we will adjust with what happens in the rest of the world, but we are on a long-term growth trajectory. And this is just not growth in terms of GDP numbers, right. This really is for well-being of each and every Indian. And that’s the aspiration.

Do you think that one of the problems India has to deal with is inequality? It is still one of the poorest countries in the world, and yet it has the second largest number of billionaires in Asia. People worry about the growing inequality.

If you think about inequality, that’s not only a problem in our country. It’s really the problem all across the world. Income comes from opportunity. You take our own example, as Reliance. My father started Reliance with 100, right. When I joined Reliance in 1980, uh, the market value of Reliance was $30 million or $40 million. And in 30 years, right, the opportunities that were provided, uh, by this country has enabled us to create wealth

... contd.

Ads by Google
   Previous | 1 | 2 | 3 | Next
Previous Story  LIC, pvt insurers to be treated equally on equity cap: Irda Next Story  Insurance likely to get further sops in Budget
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below