mo4ch:>India’s economy will ‘come back with a bang,’ country’s ‘Warren Buffett’ says | Mo4ch News
Billionaire investor Rakesh Jhunjhunwala said he is very bullish about India’s medium-to-long-term growth prospects, predicting double-digit figures.He told CNBC that the economic situation in the country started to improve after five years of a banking crisis and the introduction of important reforms.“We are now having improvement in credit culture, we are having integrity come to the fore,” said Jhunjhunwala, who is commonly referred to as the “Warren Buffett of India.”Also on rt.comIndia's dynamic economy set to grow even more – Goldman SachsAccording to the investor, the government has taken steps to improve the ease of doing business in the country. “The China-America spat on trade is (also) a great opportunity for India. I don’t see any reason why growth in India will not come back with a bang,” he said.The country’s growth will likely reach around eight to nine percent in the near future and then jump into double-digit figures in the longer term, Jhunjhunwala suggested.“We’…