Billionaire philanthropist and Microsoft co-founder Bill Gates has said that India has the potential for “very rapid” economic growth over the next decade. It will lift people out of poverty and allow the government to invest in health and education priorities in an “exciting way”.
“I don’t have any knowledge about the near term, but I’d say over the next decade, there’s potential for very rapid growth, which will lift people out of poverty and allow the government to invest in health and education priorities in a really exciting way,” he said.
In an exclusive interview to PTI, Gates, the world’s richest person, specifically complimented India’s Aadhaar identity system and the country’s performance in the financial services and pharma sectors.
The positive outlook by Gates for the Indian economy, Asia’s third largest, comes at a time when it is reeling under major slowdown amid apprehensions that the cycle may last for a longer period.
64-year-old Gates, with a net worth of $110 billion, regained the position of the world’s richest person surpassing the Amazon Inc’s Jeff Bezos.