Tuesday, June 23, 2015

Fwd: India, China to fight for top two positions this century: Masayoshi Son, SoftBank Group

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From: Capt.

, ET Bureau | 23 Jun, 2015, 04.00AM IST
NEW DELHI: India's economy is on the cusp of the "hockey stick" curve before takeoff, and has the potential to overtake the United States within 25 years, the billionaire chairman of Japan's SoftBank Group said, promising to back his conviction with money to make such an outcome a reality.

Masayoshi Son, 57, who has pledged to invest a total of $30 billion (Rs 1.9 lakh crore) in India so far, told ET in an interview on Monday that it will be India and China fighting for the number one and two positions this century after overtaking the United States.

"I would like to participate in this exciting moment, as we participated in China's hockey stick moment," he said, referring to the shape of the growth curve of the Middle Kingdom's economy.

"That's why I am not just saying these beautiful words, but I am saying it with the money. I am really interested in participating in India's hockey stick moment," said Son.
Son added that the country today had the right leader that "you should be proud of."
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