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Warren Buffett On India’s Startup Boom: Many Unexplored Opportunities

At Berkshire Hathaway's annual meeting, billionaire investor Warren Buffett said India has “loads of opportunities”, referring to the country’s booming startup culture.

By Rashaad Ather
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Warren Buffet - Founder at Berkshire Hathaway

Warren Buffet - Founder at Berkshire Hathaway

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"It is a very good question. I am sure there are loads of opportunities in countries like India," he said. "The question, however, is whether we have any advantage or insights into those businesses in India or any contacts that will make possible transactions that Berkshire would like to participate in. That is something a more energetic management at Berkshire could pursue," the co-founder and CEO of Berkshire Hathaway Warren Buffet said. 

“Unexplored” Opportunities:

He said India still has “unexplored or unattended” areas in one of the world’s fastest-growing economies. However, he stated that he would leave these opportunities to future management to pursue.

 "There may be an unexplored or an unattended opportunity...but that may be something in the future," he said about India's booming startup culture. 

He also acknowledged the Japanese market as “fascinating” as he talked about Berkshire’s global recognition.

India's stock market has compelled prominent business figures such as JPMorgan Chase & Co. CEO Jamie Dimon before.

Berkshire Hathaway has previously invested in India's One 97 Communications Ltd., the owner of Paytm, and exited last year with a $164 million block deal. 

Looking forward, Buffett mentioned that more energetic management at Berkshire might further explore investment possibilities in India.