Bill Gates' optimism in a downturn environment will lead to economic growth in India in 2020

New delhi date. November 18, 2019, Monday

While India is on the verge of a recession, young people are left without jobs and inflation has eased, Microsoft's founder, Bill Gates, from the United States, has hoped that India will grow very rapidly in the next decade.

"I cannot say much about the near future, but there is immense growth potential in India in the next ten years," he said, adding that if India develops, job prospects will be greatly increased and millions of people will be forced out of poverty. The government also has to invest more in education and health.

Gates, one of the wealthiest people in the world, said that Aadhaar card system is good in India which can identify a person. He also praised the financial services and pharma sector. Although Asia's largest third economy is currently in dire straits in India, the economy will only grow in the coming days.

Although some economists believe that it will be difficult to survive in such a situation for a long time in India, there will be rapid development in India in the coming days. Will there be better days in the near future? In response to such a question, he said, "I do not know the near future, but India will be booming in the next decade."

It is worth mentioning that on Friday, Gates again became the richest man in the world. Their total wealth was estimated at $ 110 billion. He overtook Jeff Bejos of Amazon Inc.

So far, he has donated $ 35 billion to the Bill & Melinda Gates Foundation. He said that the Foundation supports poverty alleviation and social development works in various countries. He said that there are many opportunities for development in India.

He is currently on a three-day visit to India and is reviewing various social services run by his foundation. He also noted that India's first quarter growth rate has dropped. He said the growth was the lowest in six years. Gates greatly appreciated the identity document base system and the Unified Payment Interface Payment.

He said that we need dignitaries like Nandan Nilakani. It is like partnering with men like him. Other countries need to learn from India how digital identity and financial services can be provided. He also praised the vaccination.