Warren Buffett, the billionaire investor and CEO of Berkshire Hathway, is bullish on India, currently the world's fastest growing economy. The world's second-richest man is quite "impressed" with the South Asian country.
"India is a huge and enormous market for anyone to ignore...will invest in India if a good, valuable company is for sale," he told ET Now.
According to him, India has a "terrific future," thanks to some professionals it produces. He recalled that Microsoft founder Bill Gates had once told him to recruit graduates from India's reputed institutions, including the IITs.
He spoke to the channel after Berkshire Hathway's annual general meeting on Saturday.
During the meeting, he spoke on various issues, such as repealing of the Obamacare legislation and the role of artificial intelligence (AI) and technology in America.
"Anybody with $250,000 a year of adjusted gross income and a lot of investment income is going to have a huge tax cut," the NPR quoted him as saying, on the Trump administration repealing Obamacare.
Increasing healthcare costs and not high tax rates, were impacting America Inc., according to him.
Buffett is least excited by driverless cars and trucks, saying they pose a threat in many ways. "Autonomous vehicles widespread would hurt us," the 86-year-old investor said.
