Monday, October 10, 2016

India economy can go from $2 trillion to $10 trillion in 15 byears

Times of India:

India can become a US $10 trillion economy in the next 15 years, from the existing US $2 trillion, like China did in last one and a half decade, said NITI Aayog Vice-Chairman Arvind Panagariya today.

"India started off to rapid growth a little later than China, but now it has the potential to accomplish in the next 15 years what China did in the last 15 years. Today, India's GDP stands at about US $2 trillion and it has good prospects of rising to USD 10 trillion in the next 15 years," Panagariya said addressing the India China Investment Conclave at Ficci.

I am not sure that India can grow as fast as China grew over the last 15 years but India definitely is going to be one of the fastest growing economies in the world over the next decade. That should be great long term for my investment in Fairfax India Holdings. Not only does Fairfax India invest in public companies in India but has access to buying private companies that no ETF or mutual fund could buy. 

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