India will become the new ‘boss’ of the world!
For the past few years, the eyes of the whole world have been fixed on India’s economy. We are currently the fastest growing economy in the world and are set to overtake Germany to reach the third position very soon. But have you ever wondered whether India can become number one by leaving behind economic superpowers like America and China? This may sound like a dream, but a veteran American investor has claimed that this dream is about to turn into reality. The things that have come to light in the ongoing World Economic Forum in Davos are a matter of pride for every Indian.
The world map will change in 20-30 years
At present America is the largest economy in the world and China is firmly established at the second position. But David Rubenstein, co-founder of Carlyle Group, has a different thinking. During a special conversation he gave a big statement. Rubenstein believes that India has the potential to take it to the top in the next few decades.
He clearly said, “I think that India can become the largest economy in the world in the coming 20 to 30 years.” This statement is also important because Rubenstein understands the pulse of the global market very well. He says that considering the speed at which India is progressing, it is not impossible to achieve this goal. This is not just a game of numbers, but it is a proof of India’s growing global power.
‘Good news’ for India
According to Rubenstein, there is no need to panic about the relations between America and India. He told that President Donald Trump’s attitude towards India has always been very positive.
The biggest proof of this is that Trump has sent one of his very close associates as ambassador to India. This step shows how much importance America gives to its relations with India. When political relations between two big countries become stronger, trade and economy directly benefit from it.
‘Masterplan’ to stop Indian money in India
Rubenstein has given a very important advice to Indian policy makers. He said that India will have to change its perspective regarding private credit and private equity (PE). One should not mistake this for investment by western countries. ‘Private equity’ means that big companies invest money in businesses that are not in the stock market. At the same time, in ‘Private Credit’ companies give loans directly instead of banks.
Rubenstein says that if these markets are allowed to flourish in India, then big entrepreneurs and rich people of India will invest in India instead of taking their money abroad. Such policies will not only keep Indian money in the country, but will also create new jobs and opportunities. Let us tell you that Carlyle Group itself has made a huge investment of more than 8 billion dollars in different sectors in India.