"India is a long-term destination for foreign investors and rupee volatility and crude shocks are ""mere blips on the radar"" which will not affect the capital, said investment giant Fairfax's founder and CEO Prem Watsa.
In an exclusive conversation with CNBC-TV18's Nithya Balakrishnan, Watsa said that Fairfax's $5 billion India bet will only increase given the country's policies to enable ease of doing business.
The second edition of the Invest India Conference kicked off in Toronto with focus on deepening Indo-Canada business ties. Led by Prem Watsa, the summit brought together more than 430 delegates from India and Canada including Tata group companies, ICICI, HDFC, Bombardier, Brookfield Asset Management, IIFL, Air Canada among others.
Talking about India being the investment opportunity of a lifetime, Tata Sons' chairman N Chandrasekharan said, ""India has grown neck-to-neck with China in the last two years. GST, Aadhaar, financial inclusion and formalisation of our economy means all cycles of growth are firing simultaneously. A really optimistic estimate is that India could become a 15-trillion-dollar economy by 2030. Canada, the time to invest in to India is now."""
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