May 21, 2019 | Investopaper
Rakesh Jhunjhunwala, who is known as the Warren Buffet of India has shown optimism towards the economic growth of the country. Speaking in an interview, he said that the economic growth will reach 8 to 9 percent in the near future and then hit double digits in the longer term.
He further said that the economy of the country has rejuvenated following five years of the banking crisis, sub-par capital expenditure and introduction of new reforms. He also praised the government for making it easy to perform the business activity in the country achieved through the improvement in credit culture.
He further added that the trade war between US-China is an opportunity for India and this can help the country economy to bounce back strongly.
Jhunjhunwala is an Indian billionaire, investor, and trader who manages his own portfolio as a partner in his asset management firm, Rare Enterprises.