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India Set for China-Like Investment Boom in Next Decade Says Prem Watsa
M
Moneycontrol•16-10-2026, 03:01
India Set for China-Like Investment Boom in Next Decade Says Prem Watsa
- •Fairfax Financial Holdings chairman and CEO Prem Watsa predicts India will experience an investment and manufacturing boom similar to China's rapid expansion in the early 2000s.
- •Watsa credits Prime Minister Narendra Modi's economic policies and development focus for boosting foreign investor confidence and driving long-term growth.
- •Fairfax is preparing to acquire a 60.72 percent stake in IDBI Bank for Rs 52878 crore, marking the firm's largest investment to date.
- •India's low manufacturing costs, expanding free trade agreements, and democratic framework make it an increasingly attractive destination for global companies.
- •Watsa expects India to become the world's third-largest economy, overtaking Germany and Japan as global firms shift production to tap into the domestic market.
Key Questions Answered
Prem Watsa stated that India could experience an investment and manufacturing boom comparable to China's rapid expansion in the early 2000s, potentially emerging as one of the world's premier investment destinations over the coming decade.
Fairfax is preparing to acquire a 60.72 percent stake in IDBI Bank for Rs 52,878 crore, marking the largest investment in the company's history.
Prem Watsa noted that constructing a manufacturing facility in India costs only 25 to 30 percent of the equivalent expense in North America, while operating expenses run at roughly half, making global exports highly efficient.
