Posted 1/11/2024, 1:06:12 AM
Fairfax boss doubles down on India bets, sees $14B investments in 5 years amid confidence in economy and Modi leadership
- Fairfax boss Prem Watsa sees India's consumer-oriented economy as a big advantage, expects to double $7B investments in 5 years
- Met PM Modi recently, sees continuity and trust in his leadership as key for India to remain an attractive investment destination
- Points to Fairfax increasing stake in Bangalore Airport, performance of Thomas Cook India as signs of his confidence in India
- Sees India better placed than others to handle global disruptions due to lack of excesses like China
- Sounds warning on valuation of global tech giants like Apple, Microsoft, Amazon; expects a correction like after 2000 dotcom bubble