Among the three emerging nations, Russia, India and China, which one would you rate first as an investment destination?
• China, of course.
Why not India? Can you compare China with India?
• Indians have the worst bureaucracy in the world. India learned bureaucracy from the British. Indian bureaucracy has remained stagnant. Just stagnant. They do what they think only. There is no proper education, no infrastructure in India. It is the most wonderful country in the world. I admire India’s diversity. I tell my friends, if you can only visit one country in your life time, go to India. India is an amazing country.
But as a place for investment?
Oh, no, I would think twice. Even Indians who have been doing great business elsewhere in the world, and when they go back to India to do business, it has not been a good experience for them. Many of them get out of the business and go back to other countries to do business...read more
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