Recent policy changes by Prime Minister Narendra Modi's government represent a welcome signal to the global investor community. The combination of a reform-oriented government, a large population with rising consumer demand and the accelerated rate of technological adoption mean that India is in a unique position to capitalise on the opportunities in a post-pandemic world, says the Indian-born Candian Billionaire V Prem Watsa, chairman of Fairfax.
In a letter, which was jointly signed by Fairfax CEO Chandra Ratnaswami, to the shareholders, he said, the political stability has facilitated important policy initiatives in 2020. The Prime Minister's goal of becoming a $5 trillion economy in the next few years can become a reality with continued liberalisation.