India can become the world’s largest economy: Claim to leave America and China behind, know who said the big thing

India Economy Growth: India is currently among the fastest growing economies of the world. Soon India can leave Germany behind and reach the third position. At present, America is the largest economy in the world and China is at second place. Looking at the current trend, India economy growth has become a big focus for global investors.

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David Rubenstein’s big statement

Carlyle Group co-founder David Rubenstein believes that India can become the world’s largest economy in the coming few decades. He said this at the World Economic Forum going on in Davos, Switzerland. After this statement David Rubenstein India came into discussion.

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Claim to become number one in 20-30 years

Rubenstein said, “I think India can become the largest economy in the world in 20-30 years.” Expressing confidence in US-India relations, he said that President Trump has generally been positive about India. After this comment, World Economic Forum Davos remained in the headlines.

Confidence in US-India relations

Rubenstein said that there is no major concern regarding the relations between America and India. He told that Trump has sent one of his close aides as ambassador to India. This statement has given positive indications regarding US India relations.

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What should be India’s policies?

He told Indian policy makers not to look at private credit and private equity from a Western perspective. When these markets are allowed to grow, Indian entrepreneurs with strong capital will also join in. Private Equity India has become an important topic in this discussion.

New round of private credit and investment

Rubenstein said that private equity means investing in unlisted companies, while private credit means giving loans directly. Carlyle Group has invested more than $8 billion in different sectors in India. There is intense discussion regarding this on Private Credit India.

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Perspective on China-US relations

Rubenstein said that the purpose of Trump’s China policy was not to cause harm, but to correct the trade imbalance. He told that China has increased its annual surplus to more than one trillion dollars by increasing sales in other markets. After this statement, China US trade again came into discussion.

Russia-Ukraine issue more important

According to him, the Russia-Ukraine conflict is a bigger issue for Trump than China. He said that Trump and Chinese President Xi Jinping have good relations and both can meet this year. Russia Ukraine conflict is considered important in this diplomatic aspect.

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