Warren Buffett believes India offers untapped opportunities

Billionaire investor Warren Buffett has set his sights on the Indian market, calling it a land of “unexplored” opportunities that his conglomerate holding company, Berkshire Hathaway, is eager to explore in the future. Speaking at Berkshire’s annual meeting, Buffett responded to a question about the possibility of venturing into India, the world’s fifth-largest economy.

“It is a very good question. I am sure there are loads of opportunities in countries like India,” Buffett remarked. He emphasized the importance of having the right contacts and insights into Indian businesses for Berkshire to participate in potential transactions. The 93-year-old investor highlighted Berkshire’s strong global reputation and expressed his fascination with his experiences in Japan.

Buffett hinted at the possibility of future ventures in India, stating, “There may be an unexplored or an unattended opportunity…but that may be something in the future.” He also addressed key investment decisions, including the reduction of stake in Apple, clarifying that it was not a reflection of their long-term view on the stock.

During a Question and Answer session, Buffett reassured shareholders about the future leadership of Berkshire Hathaway, pointing to Vice Chairmen Greg Abel and Ajit Jain as capable successors. The news of Berkshire’s interest in the Indian market has sparked excitement among investors and industry experts, eager to see how the renowned investor will navigate the opportunities in this dynamic economy.