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  • 00:00Is this India's decade? I would say so. I would say so. And I think not just you, not just a decade, but I think the next 20, 30 years are going to be India's, I think much like the last 20, 30 years were a period of time when China grew dramatically. I think it's going to be India's turn over the next 20, 30 years. And I think we have all the right ingredients in place right now. We've got good, stable political leadership which really wants to make India a developed country. You know, we've over the last five, ten years, put a lot of building blocks in place on a macroeconomic basis. And so I think everything is primed right now to to get India to sort of really cross over to 70% consistent growth over the next 20 years. There there's been a lot of parallels actually between India and China, or at least drawn into that. China chose at some point to be the manufacturer of the world. India didn't. Do you see parallels between how these economies can develop? I you know, I think they're going to be largely different parts because obviously the Chinese political system is very different from India's. And I think that itself will lead to different outcomes. Hopefully, India's growth is more sustainable, more long term because of of the different pressure. But as we have in our system, but also, therefore, everything takes a lot more time to work out because there are many noises that have to be that have to be addressed and dealt with. But I think as in when the the the whole sort of ship starts moving, it moves in a more sustainable manner. And I think that's hopefully what is going to happen over the next many years. As far as manufacturing is concerned, I don't think that India is going to be a great manufacturing country of the type that China has become. But I think on the other hand, we'll find our own model, you know, will be a great service. This country will be a great back office, will be a great hopefully at some point it will become a front office as well. And obviously, infrastructure development is going to be a massive opportunity in India as well. And I think the government is trying to push manufacturing. So we may not become the China manufacturing, but we'll certainly become the plus one to China in manufacturing.
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India Growth Won't Be Like China, Says ReNew CEO

  • Leaders with Lacqua

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November 22nd, 2024, 6:03 AM GMT+0000

Sumant Sinha, the founder and CEO of ReNew, one of India's largest renewable power developers, says the country will experience huge growth over the coming decades but its economic model will have differences from neighboring China. He speaks on Bloomberg’s Leaders With Lacqua Goes Green. (Source: Bloomberg)


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