Adi Godrej, 71, predicts interest rates will rise “somewhat in the developed world,’’ though he expects them to “come down in the developing world.’’
Godrej, who has visited Davos for more than 20 years, forecast that the bull market in stocks would continue. His cousin, Jamshyd Godrej, crossed paths with Bajaj Auto chairman Rahul Bajaj at last year’s meeting, one of many meetings among the 17 Indian billionaires in attendance, topped only by the U.S. contingent last year.
Nineteen Indian billionaires are expected at the gathering in 2014. The 75-year-old Bajaj won’t be among them. After coming to Davos for 35 years, he said in an e-mail he won’t be making the trip this week.
Left: Adi Godrej in Mumbai, on Nov. 14, 2013.
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